Riyadh — Mubasher: WSM for Information Technology Company has received a contract award letter from a government entity on 22 October 2026, according to a bourse disclosure.
The project involves providing maintenance, support, development, and on-demand consulting services for a software integration system.
WSM stated that the contract duration is 36 months, while a specific total value was not disclosed.
However, the project value exceeds 12% of the company's total revenues for the 2025 fiscal year.
WSM confirmed that there are no related parties involved in the transaction.
It is worth noting that the listed company logged net profits worth SAR 810,000 in the first six months (6M) of 2026.
