Saudi Azm for Communication and Information Technology Co.
TTADAWUL:721130.30
SAR
-0.70
(-2.26%)
ISIN
SA16BGF3GLH0
Return %
Stock
S&P 500
1Y
18.82
14.20
3Y
158.09
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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- CEO
- Ali Mohammad Rasheed Al-Balaa
- Full Time Employees
- 200
- Sector
- Technology services
- Industry
- Packaged software
- Address
- 7999, King Khalid Road Riyadh RY Saudi Arabia 12329
- IPO Date
- Mar 1, 2022
- Website
- azm.sa
- Similar Companies
- Business
- Saudi AZM for Communication and Information Technology Co. (Saudi AZM) engages in the provision of information technology and digital transformation solutions in the Kingdom of Saudi Arabia. The company focuses on the sale and integration of wired and wireless equipment and devices; repair and maintenance of personal and portable computers; systems analysis and senior management consulting; operational support for large government and private institutions; procurement and human resources services; advisory services and management consulting for strategic and operating models; development and provision of platforms for financial technology and other sectors; design, development, and operation of platforms including public–private partnership projects; software design and programming; application development; user experience and customer journey design; and related services such as repair and maintenance of IT hardware. Founded in 2012, Saudi AZM maintains its headquarters in Riyadh and operates across the Saudi market with a focus on enterprise, public sector, and digital transformation initiatives. The company reports a diversified portfolio through segments that include Enterprise Services, Advisory, Proprietary Technologies, and Platforms for third parties, reflecting its emphasis on end-to-end IT solutions, digital government, and technology-enabled business enablement. Recent strategic developments include expansion into digital government activities under the revenue-sharing model as approved by the Digital Government Authority, and active pursuit of credit facilities and strategic partnerships to fund and scale large-scale digital transformation projects in collaboration with government entities and major private sector clients. The latest updates also highlight contract awards and project engagements with public sector bodies such as Saudi Post and the King Abdullah City for Atomic and Renewable Energy, signaling a strengthened position in public-sector digitalization and technology platforms. Saudi AZM also reports quarterly earnings and ongoing financing arrangements to support its growth trajectory, including new credit facilities and loan agreements with local banks to accelerate project execution and portfolio expansion. The company maintains a public profile on the Saudi Exchange and reports updates on business development, partnerships, and project awards to reflect its evolving operations and strategic priorities.