Itmam wins project from MCIT

16/04/2025 Argaam

Itmam wins project from MCIT

Logo of Itmam Consultancy Co.

Nomu-listed Itmam Consultancy Co. won a project today, April 16, from the Ministry of Communications and Information Technology (MCIT) to develop and test emerging technology solutions in the industrial and logistics sectors.

 
In a statement to Tadawul, the company said the project's value exceeds 20% of its total revenue for 2024.
 
 
The project aims to develop and trial innovative solutions using artificial intelligence and other emerging technologies to address key challenges in the targeted sectors, serving as a proof of concept, the company added. It also confirmed that no related parties are involved in the deal.

 

According to data available with Argaam, the company's revenues during 2024 amounted to about SAR 68.7 million, of which 20% is equivalent to about SAR 13.74 million.

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