| Element List | Explanation |
|---|---|
| Announcement Detail | Altharwah Albashariyyah Co. (Tharwah) announces the official launch of its “Nova” platform, an advanced psychometric assessment platform (psychological and professional assessment). The platform was developed by specialized experts through Tharwah Group’s technology arm, “Tharwah Technologies,” and has been specifically designed to meet the needs of the labor market in the Kingdom of Saudi Arabia and the GCC region, in line with the objectives of Saudi Vision 2030 for human capability development. The platform features the simultaneous development of its tools in both Arabic and English to ensure cultural relevance and scientific reliability, in accordance with the highest professional standards adopted by the British Psychological Society (BPS) and the International Test Commission (ITC). The platform is also hosted and its data is processed entirely within the Kingdom of Saudi Arabia, enhancing national digital sovereignty and ensuring compliance with personal data protection requirements. The platform provides comprehensive solutions, including the Nova Personality Questionnaire (NPQ), the Nova Cognitive Abilities Series, and the Nova 40 Competency Model, enabling organizations to make data-driven decisions in recruitment, development, and succession planning. It also includes technical and specialized assessments to measure workforce technical skills, aligned with the standards of the Ministry of Human Resources and Social Development, covering 10 key sectors and more than 1,168 job titles, with over 70,000 accredited assessment items. The launch of this platform forms part of Tharwah Group’s strategy to strengthen its portfolio of innovative digital products, expand its services in human capital assessment and development, and diversify the Group’s revenue streams through scalable digital products. The platform can be accessed via: www.nova.com.sa The launch of the platform is expected to have a positive financial impact on the Company’s results during 2026, and any material developments will be disclosed in due time. |