Elm Co. (7203)

Riyadh – Mubasher: Elm Company has signed an agreement with the Ministry of Interior and the Saudi Data and AI Authority (SDAIA) to develop and provide products and services. Signed on 9 July 2024, the agreement has a duration of 10 years starting …

Riyadh – Mubasher: Abdulrahman Saad Al Jadhai resigned from the position of CEO of Elm Company after leading the company for more than 12 years. Al Jadhai submitted his resignation on 3 July 2024 for personal reasons, yet it will be effective on …

Riyadh – Mubasher: Elm Company has awarded a SAR 75.90 million health insurance contract for its employees to The Company for Cooperative Insurance. The agreement’s term amount for one year starting from 30 June 2024, according to a bourse filing. …

Riyadh – Mubasher: Elm Company signed a memorandum of understanding (MoU) with France-based Numeryx Technologies to boost digital transformation, according to a press release. The partnership aims to reinforce business prospects and implement …

Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …

Riyadh – Mubasher: Elm Company logged a 7.14% year-on-year (YoY) increase in net profit to SAR 345 million in the first quarter (Q1) of 2024 from SAR 322 million. Revenues leapt 27.25% YoY to SAR 1.63 billion in Q1-24 from SAR 1.28 billion, …

Riyadh – Mubasher: Elm Company recorded a 45.81% year-on-year (YoY) surge in consolidated net profit to SAR 1.35 billion in 2023 from SAR 930 million. The company’s revenues leapt 28.05% YoY to SAR 5.89 billion last year from SAR 4.60 billion, …

Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …

Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …

Riyadh – Mubasher: Elm Company achieved consolidated net profits after Zakat and tax worth SAR 1.02 billion during the first nine months (9M) of 2023, signalling a 43.31% increase from SAR 718 million in 9M-22. The earnings per share (EPS) soared …

Riyadh – Mubasher: Elm company has penned a memorandum of understanding (MoU) with CyShield Technology to explore opportunities for developing cooperation and expanding business in the Egyptian market. Through the agreement, the two parties seek …

Riyadh – Mubasher: Elm company signed a Sharia-compliant facility agreement valued at SAR 500 million with Al Rajhi Bank on 11 September 2023. The facility deal is secured by a promissory note with the amount of the total loan limit, according to …

Riyadh – Mubasher: FlyAkeed, a traveltech startup in Saudi Arabia, has secured $15.20 million, equivalent to SAR 57 million, in a Series A round. The fundraising transaction was led by Sanabil Investments, wholly owned by Public Investment Fund …

Riyadh – Mubasher: Elm Company recorded a 56.53% growth in net profit after Zakat and tax to SAR 695 million during the first half (H1) of 2023 from SAR 444 million in H1-22. Revenues soared by 26.32% year-on-year (YoY) to SAR 2.69 billion in …

Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) was awarded a SAR 71.75 million contract from Elm Company on 20 June, according to a recent bourse filing. Under the agreement, Tawuniya will provide Elm’s employees as well as …

Riyadh – Mubasher: Elm Company and National Real Estate Registration Services Company (Real Estate Registry – RER) inked a SAR 56.83 million contract on 18 June. The two entities will join forces to develop and operate a real estate registry …

Riyadh – Mubasher: The net profits after Zakat and tax of Elm Company amounted to SAR 322 million in the first quarter (Q1) of 2023, higher by 28.80% than SAR 250 million in Q1-22. Revenues hit SAR 1.28 billion as of 31 March 2023, up 17.95% …

Riyadh – Mubasher: The board of Elm Company decided to pay out interim cash dividends of SAR 233.09 million for the second half (H2) of 2022, according to a bourse disclosure. The Saudi firm will grant SAR 3 per share, equivalent to 30% of the …

Riyadh – Mubasher: Elm Company recorded a 64.02% year-on-year (YoY) hike in net profit after Zakat and tax to SAR 930 million in 2022, compared to SAR 567 million. The Saudi firm generated revenues worth SAR 4.60 billion in the January-December …

Riyadh – Mubasher: Elm Company signed a SAR 206.73 million agreement with the Saudi Ministry of Interior on 15 November 2022, according to a bourse filing. The contract covers the provision of security equipment for vehicles and field monitoring …

Riyadh – Mubasher: Elm Company logged a net profit after Zakat and tax worth SAR 718 million in the first nine months (9M) of 2022, up 57.11% year-on-year (YoY) from SAR 457 million. Revenues enlarged by 19.58% to SAR 3.29 billion during the …

Riyadh – Mubasher: Elm Company has announced cash dividends distribution worth SAR 155.20 million, representing 20% of the capital, for the first half (H1) of 2022. Elm will disburse SAR 2 per share for 77.60 million eligible shares, according to …

Riyadh – Mubasher: Elm Company has signed a contract to execute the Makkah Route Initiative with the Ministry of Interior, a related party. The four-month contract is valued at SAR 57.65 million, including the value-added tax (VAT), according to a …

Riyadh – Mubasher: Elm Company’s net profits after Zakat and tax surged by 59.14% during the first half (H1) of 2022 to SAR 444 million, compared to SAR 279 million in H1-21. The Saudi firm generated revenues worth SAR 2.13 billion in H1-22, an …

Riyadh - Mubasher: Elm Company has been awarded a SAR 206.73 million contract from the Saudi Ministry of Interior. Elm will be responsible for the vehicle security equipment and field monitoring gates project by the ministry, according to a bourse …