Riyadh — Mubasher: Purity for Information Technology Company (Purity Tech) announced receiving a formal notification from the National Center for Government Resources Systems (NCGR) regarding the cancellation of a contract award.
The decision, announced on 21 July 2026, covers the contract previously awarded on 29 October 2025 by the NCGR to rescind the award has resulted in the termination of the contract signing process.
Purity Tech stated that the cancellation was directed by the competent authority at the NCGR, according to a bourse disclosure.
Meanwhile, the decision was driven by a failure to complete necessary regulatory approvals and was not related to any breach or technical shortcoming on the part of Purity Tech.
Despite the cancellation, the listed company emphasized that the development would not impact its long-term growth strategy.
Purity Tech confirmed it will continue to bid for specialized projects and opportunities to diversify its revenue streams and maintain shareholder value.
No specific financial costs or impacts related to the cancellation were disclosed in the filing.
