Riyadh - Mubasher: Anmat Technology Company has signed two contracts to carry out major contracting works for the Riyadh Municipality region, with a combined value of SAR 111.41 million.

The first agreement, signed with Elm Company, was valued at SAR 22.95 million and covered preparation, finishing, electrical, technical, and furnishing works.

Holding a maturity period of 180 days starting from 1 February 2025, the agreement will reflect on the company’s financial statements during the second half (H2) of 2025.

Anmat Technology also penned a SAR 88.46 million contract, on 12 March, with Riyadh Municipality to implement the second phase of the project.

The tech company recently started the listing of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).