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Saudi Arabia .. “Toby” shares rises 1.25% after signing a contract of 66.63 million riyals

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The arrow of the perfect show company for commercial services “Toby” listed and traded in the Saudi market “Tadawul” increased by 1.25% during trading today, Tuesday, to trade at the price of 11.32 riyals per share, after signing a contract with 66.63 million riyals.

The arrow of the mastery offer for commercial services “Toby” was traded at that time at 965.9 thousand shares, with a value of 10.99 million riyals.

The highest price for the share at that time was at 11.50 riyals per share during the session, while the lowest price per share was at 11.24 riyals per share.

The price of the perfected offer company for commercial services “Toby” increased after announcing the signing of a project contract with the National Water Company to operate the Unified Communication Center for Voice Channels, with a total value of 66.63 million Saudi riyals (including value -added tax).

The company explained that the contract includes the operation, processing and development of the unified communication center for audio channels, with the aim of improving customer experience through operating operations management, equipping headquarters, and providing the necessary technical systems and solutions throughout the project period that extends to three contractual years (36 months).

Toby indicated that the expected positive financial impact of this contract will appear during the years 2025, 2026, and 2027, confirming that it received a signed copy of the contract on May 19, 2025.

It should be noted that the Exctentated Trade Services Company (Toby) is a Saudi company listed in the financial market “Tadawul” since November 2022. The company has been working in the software and services sector, with a special focus on information technology consultations and systems integration services. Its headquarters are in Riyadh, and it was founded in August 2004.

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