King Abdulaziz University has awarded Naseej for Technology Company a project contract valued at SAR 16.18 million, according to a bourse filing. The contract, awarded on 10 June 2024, includes upgrading and technical support services for the academic system.
Additionally, the company recently secured a SAR 17.24 million agreement with the Ministry of Commerce.
For the 12-month period ending 31 December, Naseej for Technology reported a 39.55% annual decline in net profit, dropping to SAR 13.35 million from SAR 22.08 million. Despite this, revenues slightly increased by 0.07% to SAR 215.22 million from SAR 215.06 million in 2022. Earnings per share (EPS) fell to SAR 2.61 from SAR 4.37.
