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Purity Tech Secures 3-Year Oracle Services Agreement with PIF-Backed TASAMA Business Services
On July 22, Purity for Information Technology Co. (Purity Tech) announced it had signed a three‑year master services agreement with TASAMA Business Services Co., a company owned by the Saudi Public Investment Fund (PIF). The deal will see Purity Tech deliver Oracle implementation and application‑management services to TASAMA.
The contract, exchanged on July 21, does not set a fixed value. Instead, the total amount will be determined through individual purchase orders issued under the agreement. Purity Tech confirmed that no related‑party arrangements are involved.
According to the company, all necessary procedures to execute the contract have been completed. Purity Tech expects the financial impact of the agreement to be reflected in its results over the life of the project, beginning with the 2026/2027 fiscal year. Purchase orders will be announced in due course.
The agreement follows Purity Tech’s recent expansion of its service portfolio, which now includes digital‑transformation solutions and advanced cybersecurity offerings. The company has positioned itself as a key player in Saudi Arabia’s broader push toward digital infrastructure, a priority highlighted in the kingdom’s Vision 2030 plan.
TASAMA Business Services, launched by the PIF in 2025, aims to provide comprehensive business‑support services to public, private and international organizations. The new entity is part of the PIF’s strategy to strengthen the Saudi business services sector and to create a national provider of HR, digital and operational solutions.
Oracle services are a significant component of the agreement. Oracle Corporation, headquartered in Austin, Texas, supplies a broad range of enterprise software, including database management systems, enterprise resource planning (ERP) and cloud‑based applications. By engaging Purity Tech for Oracle implementation and application management, TASAMA seeks to leverage the company’s technical expertise and experience in deploying Oracle solutions.
The master services agreement is structured to allow TASAMA to issue purchase orders as projects are defined. Each purchase order will be disclosed separately in accordance with Saudi market reporting requirements. Purity Tech’s board confirmed that the contract will not affect the company’s existing shareholder structure or trigger any regulatory approvals beyond the standard disclosure obligations.
Financial analysts note that the timing of the announcement aligns with Purity Tech’s upcoming earnings report for the 2026/2027 fiscal year. The company’s management indicated that the revenue from the agreement will be recognized over the three‑year term, in line with Saudi accounting standards for long‑term service contracts.
The agreement also underscores the growing partnership between Saudi technology firms and the PIF’s portfolio companies. By integrating Oracle’s enterprise solutions, Purity Tech and TASAMA aim to support the kingdom’s digital‑transformation agenda, which includes initiatives such as the “The Line” smart city project and broader public‑sector IT modernization.
As of now, the next steps involve the issuance of purchase orders, which will trigger the start of service delivery and the recognition of revenue in Purity Tech’s financial statements. The company has not yet disclosed the expected volume or value of these orders.
In summary, Purity Tech’s three‑year agreement with TASAMA Business Services marks a strategic expansion into Oracle‑based services. The deal is expected to generate revenue for Purity Tech over the 2026/2027 fiscal year, with purchase orders to be announced subsequently. The partnership reflects the broader trend of Saudi technology firms collaborating with PIF‑backed entities to support the kingdom’s digital‑transformation objectives.
The contract, exchanged on July 21, does not set a fixed value. Instead, the total amount will be determined through individual purchase orders issued under the agreement. Purity Tech confirmed that no related‑party arrangements are involved.
According to the company, all necessary procedures to execute the contract have been completed. Purity Tech expects the financial impact of the agreement to be reflected in its results over the life of the project, beginning with the 2026/2027 fiscal year. Purchase orders will be announced in due course.
The agreement follows Purity Tech’s recent expansion of its service portfolio, which now includes digital‑transformation solutions and advanced cybersecurity offerings. The company has positioned itself as a key player in Saudi Arabia’s broader push toward digital infrastructure, a priority highlighted in the kingdom’s Vision 2030 plan.
TASAMA Business Services, launched by the PIF in 2025, aims to provide comprehensive business‑support services to public, private and international organizations. The new entity is part of the PIF’s strategy to strengthen the Saudi business services sector and to create a national provider of HR, digital and operational solutions.
Oracle services are a significant component of the agreement. Oracle Corporation, headquartered in Austin, Texas, supplies a broad range of enterprise software, including database management systems, enterprise resource planning (ERP) and cloud‑based applications. By engaging Purity Tech for Oracle implementation and application management, TASAMA seeks to leverage the company’s technical expertise and experience in deploying Oracle solutions.
The master services agreement is structured to allow TASAMA to issue purchase orders as projects are defined. Each purchase order will be disclosed separately in accordance with Saudi market reporting requirements. Purity Tech’s board confirmed that the contract will not affect the company’s existing shareholder structure or trigger any regulatory approvals beyond the standard disclosure obligations.
Financial analysts note that the timing of the announcement aligns with Purity Tech’s upcoming earnings report for the 2026/2027 fiscal year. The company’s management indicated that the revenue from the agreement will be recognized over the three‑year term, in line with Saudi accounting standards for long‑term service contracts.
The agreement also underscores the growing partnership between Saudi technology firms and the PIF’s portfolio companies. By integrating Oracle’s enterprise solutions, Purity Tech and TASAMA aim to support the kingdom’s digital‑transformation agenda, which includes initiatives such as the “The Line” smart city project and broader public‑sector IT modernization.
As of now, the next steps involve the issuance of purchase orders, which will trigger the start of service delivery and the recognition of revenue in Purity Tech’s financial statements. The company has not yet disclosed the expected volume or value of these orders.
In summary, Purity Tech’s three‑year agreement with TASAMA Business Services marks a strategic expansion into Oracle‑based services. The deal is expected to generate revenue for Purity Tech over the 2026/2027 fiscal year, with purchase orders to be announced subsequently. The partnership reflects the broader trend of Saudi technology firms collaborating with PIF‑backed entities to support the kingdom’s digital‑transformation objectives.
