Saudi Azm board approves setting up 75%-owned firm specialized in user experience

11/05/2022 Argaam
Logo of Saudi Azm for Communication and Information Technology Co.

Logo of Saudi Azm for Communication and Information Technology Co.

Saudi Azm for Communication and Information Technology Co.’s board of directors, approved on May 9 to establish a Riyadh-based limited liability firm capitalized at SAR 100,000. The new entity will be specialized in user experience, according to a bourse filing.  

  

It will be 75%-owned by Saudi Azm.   

  

The company will announce the related updates in due course, the statement added.   

  

In a separate statement, Saudi Azm said the board approved the formation of a nominations and remunerations committee until the end of the current board term.    

 

The committee will be headed by Omar Al-Jeraisy, and will include Magdy Qari, and Rawan Al-Sharhan as members.   

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