Thursday 28 Mar 2024
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KUALA LUMPUR (April 29): UEM Edgenta Bhd has signed a memorandum of business exploration (MoBE) with Asma Advanced Solutions LLC to identify strategies to capture healthcare support services and integrated facility management markets in Saudi Arabia.

In a statement, the asset management and infrastructure solutions company said following the signing of the MoBE, both companies will conduct joint discussions over the next eight months and leverage their respective strengths to explore business opportunities.

“This marks more opportunities for us to further diversify our revenue stream as we explore new markets in Saudi Arabia. We are excited with the prospects as we gear up towards post-pandemic recovery through our deep and varied healthcare support experiences. We are confident our partnership with Asma Advanced will propel further growth in our regional expansion strategy as we move towards realising our vision ‘Edgenta of the Future 2025’,” said UEM Edgenta managing director and chief executive officer Syahrunizam Samsudin after signing the MoBE with Asma Advanced chairman Sheikh Abdulwahab Nasser Al-Akeel.

Senior Minister Datuk Seri Mohamed Azmin Ali, who is also International Trade and Industry Minister, witnessed the signing ceremony.

Asma Advanced is jointly owned by Progressive Impact Corporation Bhd and Saudi closed joint stock firm Trade House Group Company.

On Wednesday, UEM Edgenta closed up two sen or 1.09% at RM1.85 per share, giving it a market capitalisation of RM1.54 billion.

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