WSM for Information Technology
9595.SR
Saudi Exchange21.00
SAR
-0.52
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WSM for Information Technology
9595.SR
(Saudi Exchange)
Recent
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21.00
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yld
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ROIC.AI
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- Business
- WSM for Information Technology Co. WSM for Information Technology Co. (9595.SR) operates as a Saudi Arabian information technology services provider, delivering technical consulting, digital solutions, and integrated digital transformation services to governmental and private sector clients throughout the Kingdom of Saudi Arabia. The company offers technical solutions including digital platforms and business intelligence dashboard development; low-code technology, quality assurance, systems and agency integration, and license supply services; digital platform management and operation; communication and information network management; infrastructure management and operation; and project management services. It also provides strategic and digital transformation planning, technical consultation, enterprise architecture, work procedures, and professional human resource services; decision-making support encompassing data management and governance, big data, artificial intelligence technology, opinion poll and research services, database evaluation, establishment, and management; as well as customer experience development, user interface development, and brand measurement services; and develops proprietary digital products such as the enterprise resource management platform PAS.sa and ticketing platform ticketby.co. Founded in 2014 and headquartered in Al Malqa, Riyadh, WSM focuses on empowering national talent through training programs including competency preparation, on-the-job training, and professional certifications, while designing, developing, and operating client digital platforms with emphasis on security, scalability, and compliance. Recent developments include securing a SAR 500 million ($133 million) three-year framework agreement with a Saudi government entity in July 2025 to provide IT services via purchase orders, aligning with Vision 2030 digital transformation goals; signing SAR 2.9 million contracts with PT Arabia in October 2025; announcing a memorandum of understanding for the full acquisition of Wasl Al-Taknology for Information Systems, later terminated in November 2025 after stalled negotiations; obtaining CMA approval in November 2025 for a proposed 33.33% capital increase via bonus shares, with a shareholder vote scheduled for December 17, 2025; and reporting a 102% surge in net profit to SAR 3.1 million in the first half of 2025.