RIYADH: Shares of Elm Co. a digital security firm owned by Saudi Arabia’s Public Investment Fund soared 30 percent on its market debut on Wednesday. The stock hit SR166 ($44.2), leading the Saudi main index TASI on its first day trading. Based in Riyadh, the company provides secure e-business services and information technology solutions to private and public sector
RIYADH: Saudi Arabia’s PIF-owned digital security company Elm plans to cooperate with the private sector in the field of digital solutions, “as it is the largest beneficiary of the data we provide in the form of services,” its CEO told Asharq. The firm is studying a number of acquisitions as well, Abdulrahman Al-Jadhai said, adding it will not sell data directly. This comes as
RIYADH: As it plans to list on the Saudi Exchange, digital security firm Elm Co. saw a 162 percent jump in profits year-on-year during the first nine months of 2021. Profits of the PIF-owned company hit over SR456 million ($65.6 million), compared to SR175 million a year earlier, Argaam reported. Alongside the results, the provider of secure e-business services and information
Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (Sami) company, showcased Bariq Drones, Managed Services, Security Operations Centre (SOC), Sandboxing, Data Diode and Cloud at Gitex Global.