Saudi Azm inks contract with Health Endowment Fund

Saudi Azm for Communication and Information Technology Co. announces Contract Sign-Off with Health Endowment Fund to develop and operate Charitable Therapy Platform (Shefaa).

The company added that the contract value          exceeds 5% of the company’s total revenues for the financial year 2021 AD.

Azm also said that the contract aims at improving the platform’s operations and user experience, perform the process of data processing, provide technical support for the platform’s operations and information security services, and train the specialized staff on the new services that are developed in accordance with the terms and specifications.

The Contract duration is 24 Gregorian months starting from the date of the notice of commencement of work, extendable for three Gregorian years.

This contract is expected to have a positive financial impact on the company’s financial results for the year 2022, 2023 AD.