Naseej Signs SAR 23.2M Library Support Contract
NASEEJ TECH 9538.SA | 43.90 | 0.00% |
On April 15, 2026, Naseej for Technology Co. announced the signing of a contract with e& Enterprise Cloud - Sole Proprietorship L.L.C, a subsidiary of Emirates Telecommunications Group Company PJSC, to provide maintenance, technical, and operational support services for Mohammed Bin Rashid Library. The contract, signed on April 14, 2026, is valued at AED 22,740,450.60 (inclusive of VAT), equivalent to SAR 23,215,498.61, and has a duration of 3 years. The agreement will have a positive financial impact on Naseej from FY 2026 until FY 2028, covering the management of an advanced technology ecosystem for one of the Arab world's most prominent cultural landmarks.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94436&anCat=1&cs=9538&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
