Elm
Leading provider of innovative secure services & solutions to both public and private sectors in Saudi Arabia.
- Consulting
- Technology
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | SAR3.1b Valuation: SAR10.2b | IPO | |
| Total Funding | 000k | ||
| SAR | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 20 % | 28 % | 26 % | 28 % | 23 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 19 % | 26 % | 27 % | 28 % | 25 % | 26 % | 27 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 15 % | 20 % | 23 % | 25 % | 22 % | 22 % | 24 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | - | 1 % | 1 % | - | - | - |
Source: Company filings or news article, Equity research estimates
Elm, originally established as Al-Elm Research and Development Company in 1988, began with a mission to localize and transfer knowledge and information technology to Saudi Arabia. Initially focused on research initiatives for the Ministry of Interior, Elm evolved significantly over the years.
In 2002, the company rebranded as Al-Elm Information Security Company, marking its entry into the commercial sector with a focus on information security services. This transition was pivotal as Elm expanded its offerings to include a wide range of digital solutions, catering to both governmental and private sectors.
Elm's journey is marked by its strategic alignment with the Public Investment Fund (PIF), the investment arm of the Saudi Ministry of Finance, which owns the company. This relationship has been instrumental in Elm's growth and ability to deliver innovative digital services across the Kingdom.
While specific details about major funding rounds or IPOs are not highlighted, Elm's status as a publicly traded joint-stock company underscores its established presence in the market. The company's evolution from a research-focused entity to a leader in digital solutions exemplifies its adaptability and commitment to advancing Saudi Arabia's technological landscape.
