Sagtec Global Achieves Key Milestone in UAE Smart Hospitality Deal
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Sagtec Global (NASDAQ SAGT) Achieves Key Milestone in UAE Smart Hospitality Deal; On Track for 2025 Revenue Recognition
July 25, 2025 9:00 AM EDTKUALA LUMPUR, Malaysia, July 25, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (Sagtec or the Company), a provider of enterprise software solutions for high-growth verticals, today announced the successful delivery of the first phase of its previously disclosed US$10 million smart hospitality contract in the United Arab Emirates (UAE), in partnership with SMD Tech FZCO. The Company has received the first milestone payment, validating both project execution and commercial delivery.
The deal, originally announced in July 2025, is structured with over 60% of total value as multi-year recurring revenue, covering software licensing,... More
