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Ilm secures 5-year Product Safety deal
Alam Company announced the award of a five-year contract to develop and operate the Product Safety System under the Saudi Standards, Metrology and Quality Organization (SASO). This includes creating an integrated digital platform that forms the technical infrastructure of the system and implementing operational tasks related to product safety. The company's revenue from this contract is expected to constitute approximately 15% of its total annual income according to the 2025 financial statements. The contract's value depends on the number of transactions carried out and is considered a revenue-sharing agreement without legal or financial commitments unless actual signing occurs. Any significant developments in the future are expected to be announced.
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