SERBA DINAMIK TO REDUCE OIL REVENUE DEPENDENCY, STRENGTHEN TECH SEGMENT

KUALA LUMPUR, Sept 25 -- Serba Dinamik Holdings Bhd aims to reduce the company's dependency on oil and gas (O&G) revenue by an estimated 40-45 per cent by 2022.

Serba Dinamik chief executive officer Datuk Mohd Abdul Karim Abdullah said the energy services group targets to reduce its O&G revenue to 75 per cent from 85 per cent last year.

"The company's diversification would primarily focus on the technology-related segment.

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

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

The company intends to raise technology revenue to seven per cent or RM350 million 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 to embark on innovative cloud-based solutions.

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

Huawei Malaysia chief executive officer Michael Yuan said under the partnership, the tech company will be providing 5G technology, cloud services, and artificial intelligence (AI) technology to realise Serba Dinamik’s digital transformation. 

"We believe this partnership will drive ubiquitous connectivity and bring cloud and AI solutions to every corner of Malaysia, reaching the previously unreached," he said. 

-- BERNAMA