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: June 13, 2022.

Contract Subject Matter: Developing digital portals and smart applications for the Ministry of Finance. Date of Signing the Contract: September 11, 2022. Contract Value: SAR 16,511,010.

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. This contract is expected to have a positive financial impact on the company's financial results for the year 2023, 2024.