DNeX Subsidiary Receives Lucrative Contract Worth RM88 Million From The Ministry Of Finance - Kakiforex.com - Financial Market Media No. 1 in the World DNeX Subsidiary Receives Lucrative Contract Worth RM88 Million From The Ministry Of Finance DNeX Subsidiary Receives Lucrative Contract Worth RM88 Million From The Ministry Of Finance
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August 11, 2021

DNeX Subsidiary Receives Lucrative Contract Worth RM88 Million From The Ministry Of Finance

 Innovation Associates Consulting Sdn Bhd (iAC) is an indirect subsidiary of Dagang NeXchange Bhd (DNeX) won a contract worth RM88 million.


The procurement of the contract is related to information and communication technology (ICT) provided by the Ministry of Finance (MoF) for a period of 45 months.


Through a statement issued by DNeX, iAC will be responsible for performing the maintenance, support services and application improvement of the Government Financial Management and Accounting (IGFMAS) integrated system.


Group Managing Director, Tan Sri Syed Abidin Syed Mohamed Tahir explained that as a provider of digital solutions, DNeX will continue to seek opportunities to assist customers in both the public and private sectors.



He also hopes that it can improve operational efficiency as well as customer experience in strengthening its digital reach.


"We will unite with customers in realizing the digital transformation for them and give the greatest impact to their operations and business," he added.


With the support of 200 experienced consultants, iAC has successfully completed more than 100 projects in the public and private sectors.


Based on the information received, the 45 -month contract will start on August 10, 2021 until May 9, 2025.


In the meantime, the contract is expected to make a positive contribution to the company’s earnings per share for the financial year ending June 30, 2022.