KUALA LUMPUR (March 9): Agmo Holdings Bhd has entered into a Memorandum of Understanding (MOU) with two firms to examine the feasibility of providing an end-to-end one-stop integrated hybrid healthcare solution to pilgrims performing their hajj and umrah in Saudi Arabia.

The MOU with Mabroor Fintech Holdings Co Ltd and Heydoc Sdn Bhd (Doc2us) is also to explore potential collaboration opportunities, said Agmo in a bourse filing.

Mabroor, based in Saudi Arabia, is an investment holding company for a group of companies primarily involved in financial technology and e-commerce services.

Doc2us, meanwhile, is a telehealth solution provider based in Malaysia. It is principally involved in the provision of virtual healthcare services, remote monitoring, electronic prescriptions and other related healthcare services.

Agmo said the MOU is not expected to have any material effect on its earnings, net assets and gearing for the financial year ending March 31, 2023.

Shares in Agmo closed up 1.5 sen or 2.1% at 73 sen, giving the home-grown digital solution and application development specialist a market capitalisation of RM237 million.

The stock, which was listed on Bursa Malaysia in August last year, has appreciated 181% compared with its initial offering price of 26 sen.