Riyadh – Mubasher: Naseej for Technology Company was awarded a project contract worth SAR 17.24 million with the Ministry of Commerce on 9 June 2024, according to a bourse filing.

The agreement covers providing professional technical services in the field of implementing technical projects that back the success of implementing digital transformation projects and programmes.

In November 2023, the company signed a SAR 25.92 million deal with the Ministry of Culture.

Last year, Naseej for Technology logged 39.55% lower net profits at SAR 13.35 million, compared to SAR 22.08 million in 2022.

Revenues edged up to SAR 215.22 million as of 31 December 2023 from SAR 215.06 million a year earlier, while the earnings per share (EPS) dropped to SAR 2.61 from SAR 4.37.