Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company has inked a strategic partnership agreement with Elm Company aimed at developing and implementing qualitative projects through innovative business models.

Under the terms of the agreement, both parties will share revenues based on the outcomes of joint projects, aligning their interests to support the growth and scalability of digital initiatives.

The partnership leverages the combined expertise of both companies in technology, digital transformation, and service solution development.

This agreement is an extension of the existing relationship between the two entities and builds upon current joint initiatives to provide added value to clients and beneficiaries.

The contract carries a duration of 5 years starting from the date of signing.

Saudi Azm expects a positive financial impact during the current year as projects are implemented under the framework.

While the specific financial value cannot be determined at this stage, the company confirmed there are no related parties involved in the transaction.

It stated it will disclose any material developments regarding the partnership as they occur.