Saudis grant digital licenses in latest diversification move
The companies provide digital services in cooperation with the Saudi government.
The Saudi government gave three companies licenses for the first time today to provide digital government services.
The Digital Government Authority provided the "first package" of interim licenses to the Saudi sovereign wealth fund-owned Elm for Information Security, Takamol Business Services and Thiqah, another business solutions provider, the official Saudi Press Agency reported.
What it means: The licenses formalize the companies’ provision of digital services in conjunction with Saudi government entities. For example, Takamol operates Saudi Arabia’s National Donation Platform, which manages charitable donations throughout the kingdom.
The Saudi Federation for Cybersecurity, Programming and Drones, the National Center for the Development of the Non-Profit Sector and a variety of other government ministries work with the companies, according to the agency.
