Elm Company, a closed joint-stock company listed on the Saudi Exchange "Tadawul," is owned by the Public Investment Fund. It focuses on technology in the Kingdom of Saudi Arabia, providing its electronic services to all segments of society. Elm works on building digital solutions and offering supportive consulting services in digital and related business fields. Its operations have expanded through partnerships, acquisitions, and entry into new markets, in addition to fostering and supporting innovation and increasing its resources within and outside Elm.
The establishment of Elm
Elm Company was launched on June 9, 1988, as a limited liability company with a capital of SAR500,000. It went through several stages of development since its establishment until it became a joint-stock company listed on the Saudi Exchange "Tadawul" on February 16, 2022, with a fully paid-up capital of SAR800,000,000 divided into eighty million ordinary shares with a nominal value of SAR10 per share. Its headquarters are located in Riyadh City, and it operates both within and outside the Kingdom.
The business of Elm
Elm is one of the leading companies providing digital solutions, especially in the field of transitioning to e-government. It offers a range of ready-made and customized digital solutions in various areas through diverse business models that cater to the preferences of clients. Some of its works include:
Digital Business: This includes two categories of businesses:
Electronic Products: Ready-made solutions of technological services, portals, electronic applications, and related support activities, developed by Elm in collaboration with several entities in both the public and private sectors to create integrated services covering a wide range of societal categories.
Digital Projects: This includes technical works, eligibility engines, and digital platforms through which technological business solutions are provided to clients from both the public and private sectors.
Business Outsourcing: Elm seeks to enhance its competitive edge in the field of operations and service delivery in specialized areas by managing and operating services either fully or partially, in addition to providing support in various other related fields. This includes offering human resources services to various governmental and private entities.
Professional Services: These include consultancy and professional services in data analysis and artificial intelligence, through which the organization's issues are studied and a comprehensive action plan is developed to enhance its overall performance and improve customer satisfaction levels.
Elm evolution
1988: Established as a limited liability company under the National Information Center, aiming to transfer technology from around the world and localize it.
2002: Started providing its electronic services to government entities and launched the Umrah visa service and traffic license insurance.
2004: Launched the "Yakeen" service for instant authentication as the first electronic authentication service in the Kingdom.
2007: Transformed into a closed joint-stock company owned by the Public Investment Fund. It launched the "Muqeem" service as the first comprehensive interactive electronic service.
2010: Launch of the "Absher Portal" as the first integrated electronic portal serving citizens and residents, and the operation of the first model center for government services.
2011: Launch of the "Estihkak" service as the first eligibility confirmation engine, with its initial application being the "Hafiz" program.
2012: Launch of the medical certificates service and the "Tamm" portal in its integrated form.
2014: Launching the "Hayyak" project to welcome the Kingdom's guests through airports.
2017: Launching the Citizen's Account program, and the Ejada project as the first company entrusted with projects affiliated with the public sector.
2019: Contributed to building an integrated transportation system and operated Makkah al-Mukarramah Road project to serve the pilgrims.
2020: Contributed during the COVID-19 pandemic by collaborating with relevant entities to develop the "Tawakkalna" application and operating vaccination and expanded testing centers.
2022: The company was listed on the Saudi Exchange "Tadawul".
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