REXIT Bhd, an ACE Market-listed software-as-a-service (SaaS) provider, has received a contract extension from Great Eastern Takaful Bhd to continue providing ICT outsourcing services in support of the MySalam health protection scheme.
A national health protection initiative funded by the Finance Ministry (MOF), MySalam offers free takaful coverage to low-income Malaysians in the B40 group.
The programme provides financial assistance for hospitalisation and critical illnesses, thus reducing the healthcare cost burden for eligible individuals while enhancing healthcare inclusivity across Malaysia.
The renewed agreement will run from Jan 1, 2025 to Dec 31, 2026. The scope of work includes development, operation and management of the mySalam portal for eligible members to access for enquiries and claim submission.
“This extension is a testament to Rexit’s long-standing commitment to service excellence, technological reliability and data integrity in delivering nationwide digital platforms,” commented REXIT chairman Tengku Mohamad Rizam Tengku Abdul Aziz.
“As we move forward, Rexit will continue investing in cloud innovation, cybersecurity and analytics to further elevate our digital offerings.”
Added Tengku Rizam: “Our vision is to support both public and private sector clients with resilient and inclusive technology infrastructure in line with the nation’s broader digitalisation and socio-economic goals.”
REXIT has served as the ICT partner for the MySalam scheme since its inception in 2019 by enabling seamless administration of benefits through a secure and scalable platform.
The extension reinforces REXIT’s capability in managing critical public service applications and reflects its role as a trusted technology enabler for national initiatives.
The contract is expected to contribute positively to the group’s earnings and net assets starting from the financial year ending Dec 31, 2025 and continuing until the agreement’s expiry.
At the close of today’s (April 16) market trading, REXIT was unchanged at 57 sen with 32,000 shares traded, thus valuing the company at RM 108 mil. – April 16, 2025
