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Saudi Azm for Communication and Information Technology Co. announces Contract Sign-Off with The Ministry of Finance - Diwan general

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Element List Explanation
Introduction Saudi Azm for Communication and Information Technology Co. announces Contract Sign-Off with The Ministry of Finance - Diwan general
Date of Announcement of the Award 2022-06-13 Corresponding to 1443-11-14
Contract Subject Matter Developing digital portals and smart applications for the Ministry of Finance.
Date of Signing the Contract 2022-09-11 Corresponding to 1444-02-15
Contract Value (16,511,010) Saudi riyal
Contract Details The project to develop digital portals and smart applications objective to build and develop smart platforms and business solutions for the services of the Ministry of Finance, it provides to various government agencies and the private sector to enable the digital transformation of the services of the Ministry It includes many basic services such as contract management, budget and payments, competition management, procurement and financial rights, in addition to many services related to government resources. In response to these objectives, Saudi Azm Co. will provide support services and provide an experienced team at the organization's headquarters at the Ministry of Finance, according to its mechanism and requirements.
Contract Duration 24 Gregorian months starting from the date of the signed contract.
Financial Impact and the Relevant Period This contract is expected to have a positive financial impact on the company's financial results for the year 2023, 2024 AD
Related Parties None
Additional Information The necessary signatures were completed and a hard copy of the contract was received at the end of Wednesday, February 18-02-1444 AH corresponding 14-09-2022 AD.

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