Serba Dinamik to diversify into technology

Karim Abdullah (seated left) and Vice-President Cloud Huawei Malaysia, Lim Chee Siong (seated right) signing the documents. Chairman of Serba Dinamik Abdul Kadier Sahib (standing left) and CEO Huawei Malaysia, Michael Yuan (standing right) watching the signing. - Bernama

KUALA LUMPUR: Serba Dinamik Holdings Bhd aims to reduce the company’s dependency on oil and gas (O&G) revenue by 40%-45% by 2022.

Chief executive officer Datuk Mohd Abdul Karim Abdullah said the energy services group targets to reduce its O&G revenue to 75% from 85% last year.

“The company’s diversification would primarily focus on the technology-related segment.

“This is to strengthen the company’s financial position, ” he said after signing a memorandum of understanding (MoU) with Huawei Technologies (Malaysia) Sdn Bhd yesterday.

As for non-O&G, the company targets a revenue contribution of up to 55% in two years, said Abdul Karim.

The company intends to raise technology revenue to 7% or RM350mil this year and double the revenue contribution in 2021, he added.

Meanwhile, the collaboration with Huawei would boost Serba Dinamik’s digital transformation in the O&G industry, said Abdul Karim. “This will bring digital transformation not only for the O&G sector but also allow us to embark on innovative cloud-based solutions.

“This partnership also includes setting up smart industry areas in Sarawak and Johor, ” he said.

Huawei Malaysia CEO Michael Yuan said the tech company would be providing 5G technology, cloud services, and artificial intelligence (AI) technology to realise Serba Dinamik’s digital transformation. – Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Serba Dinamik , Huawei , cloud , technology ,


Did you find this article insightful?


100% readers found this article insightful

Next In Business News

Ex-Goldman Sachs President Cohn has not returned pay after 1MDB clawbacks
Oil prices rise on UK vaccine approval; signs OPEC+ may maintain output cuts
S&P 500 hits record as investors await fiscal deal
US Congress passes bill that could delist Chinese stocks from US markets
Affin Bank weighs IPO of asset management unit
AWC-Techkem JV bags RM21mil sub-contract for treatment plant in Melaka
Proton car sales up 18% in November
Sources: China’s Ant considers Paytm stake sale amid tensions with India
Bursa presses pause button after sharp rebound
Hong Kong shares close lower on tech, healthcare retreat

Stories You'll Enjoy