What is the name of the company owned by the Investment Fund? This question is one of the most common inquiries among those interested in the Saudi financial market. In the context of the local market, official data and market reports indicate that "Elm" is the prominent company owned by the Saudi Public Investment Fund (PIF). Elm represents a model for digital transformation in the Kingdom, operating in the digital services and information technology sector, focusing on developing electronic government systems, cybersecurity, and software services. Since its listing on the Saudi financial market (Tadawul) in February 2022, Elm has become an example of national tech companies backed by strategic support from the Public Investment Fund, playing a pivotal role in achieving the Kingdom's Vision 2030 for digital transformation and technology localization. In this article, we will provide a comprehensive overview of Elm: its ownership, financial data, recent developments, its relationship with the fund, its competitive position in the market, and the most frequently asked questions about it. The article aims to provide a detailed and neutral explanation without offering any investment advice or recommendations, emphasizing the importance of consulting a licensed financial advisor before making any financial decisions.
Elm Company: Definition and Establishment of the Company Owned by the Investment Fund
Elm is a Saudi company established in 1988, operating in the field of digital services and information technology. The company focuses on providing integrated technological solutions for both the public and private sectors, such as electronic government systems, cybersecurity, software development, and digital transformation services. Elm is one of the main companies owned by the Saudi Public Investment Fund (PIF), having been listed on the Saudi financial market in 2022 after the fund owned it entirely. Elm is seen as a pivotal pillar in the national digital transformation strategy, playing a key role in supporting Vision 2030 projects, especially in the fields of e-government and localization of modern technologies. The company's listing on Tadawul marks an important milestone in the trajectory of national tech companies, as it is the first major tech company linked to the fund to be publicly offered.
What is the name of the company owned by the Investment Fund: Elm
The answer to the question 'What is the name of the company owned by the Investment Fund' is: Elm. This has been confirmed by official data issued by the Public Investment Fund, which announced its primary ownership in Elm during the company's listing on the Saudi financial market. The company holds a unique position as the fund's digital arm in the tech sector and is one of the first tech companies supported by such institutional and strategic strength. This role illustrates how the fund seeks to localize modern technologies and develop the telecommunications and information technology sector in the Kingdom, making Elm an example of forward-looking national companies.
Ownership Structure of Elm and the Role of the Public Investment Fund
The Saudi Public Investment Fund was the sole owner of Elm until its public offering in 2022, where 30% of the company's capital was offered to the public, while the fund retained 70% of the shares. The fund aims, through its ownership in Elm, to lead the national digital transformation and enhance the Kingdom's position in the tech field. Elm continues to benefit from the fund's support, whether through financing expansions or entering into strategic partnerships with government entities. This model marks a significant milestone in the relationship between the government sector and the tech sector, where the investment vision integrates with long-term national goals.
Details of Elm's Listing on the Saudi Financial Market (Tadawul)
Elm was listed on the Saudi financial market (Tadawul) on February 16, 2022, within the main market, under trading symbol 7203. The listing was part of the fund's plan to enhance the local tech sector, where the company offered 24 million shares representing 30% of its capital at an offering price of 128 Saudi Riyals per share. The offering attracted investor interest due to the company's position and its strategic role in digital transformation. Following the listing, Elm's share witnessed significant growth in its price and market value, reflecting market confidence in the company's operations and future plans. The listing represents a turning point in the company's history as it opened the door for individual and institutional investments in the national tech sector.
Financial Data of Elm: Share Price, Market Value, and Performance Indicators
As of early 2025, Elm's share price ranges between 900 and 950 Saudi Riyals approximately, a significant increase from the initial offering price in 2022. Based on the number of outstanding shares (80 million shares), the company's market value reaches about 73.6 billion Saudi Riyals. The price-to-earnings (P/E) ratio varies according to the company's results and annual profits, and is usually high in rapidly growing tech companies due to future expectations. By the end of 2024, Elm had not announced a fixed dividend distribution program, focusing instead on reinvesting profits in expansion and development. These indicators reflect the company's leading position in the Saudi telecommunications and information technology market.
Areas of Work of Elm and Its Key Digital Services
Elm's services vary to include solutions for electronic government systems, cybersecurity, software development, cloud computing, databases, and digital logistics solutions. The company plays a pivotal role in digital transformation projects for various ministries and government entities, such as the Ministry of Interior and the Ministry of Justice, in addition to its contribution to smart city projects like NEOM. Elm has also recently expanded into developing artificial intelligence solutions and data protection platforms, enhancing its position as a key tech partner for the government sector. This diversity in services reflects the company's ability to meet the increasing market demands in the field of technology and digital transformation.
Elm's Role in Achieving the Kingdom's Vision 2030 for Digital Transformation
Elm plays a pivotal role in implementing the digital transformation strategy within the Kingdom's Vision 2030, which aims to transform the Saudi economy into an advanced knowledge-based economy. Elm contributes to achieving this goal by providing advanced digital infrastructure for government entities, supporting automation, and enhancing electronic services. The company also participates in major national projects such as NEOM and the Red Sea, supporting government initiatives in health, education, and justice sectors. Elm's role in technology localization and developing national competencies makes it a key partner for the Public Investment Fund in this path.
Elm's Competitive Position and Major Competitors in the Local Market
Elm enjoys a unique competitive position in the government digital services sector, as there are no large local companies offering the same range of services directly. The main competitors are telecommunications companies such as Saudi Telecom Company (STC) and its tech branches (STC Solutions), in addition to global tech companies like Oracle and SAP that provide specialized solutions in the Kingdom. Some startups or listed companies in the market offer partial digital services, like Platform Company, but they do not compete with Elm on the scale of the large government sector. This reality reflects Elm's distinctiveness in the market, given its focus on government solutions and support from the Public Investment Fund.
Recent Developments and Acquisitions at Elm
During 2024 and 2025, Elm completed several expansion deals, most notably its full acquisition of the Public Investment Fund's stake in Thiqah Technology Services Company in April 2025. This step enhanced Elm's ability to provide a wider range of digital solutions for the government sector. The company also signed several new contracts with ministries and government agencies to implement digital transformation projects and launched advanced platforms in cybersecurity and artificial intelligence. These developments reflect the company's strategy to expand its operations locally and regionally, supporting its position as a leading provider of reliable tech solutions.
Dividend Policy at Elm
As of the end of 2024, Elm had not regularly distributed cash dividends to its shareholders. The company's policy focuses on reinvesting profits in business development, expansions, and tech acquisitions. This is due to the nature of the tech sector, which requires continuous investments in research and development to maintain the company's competitiveness. If the company decides to distribute dividends in the future, it will be officially announced through disclosures on the Saudi financial market and the company's official website. It is advisable to follow the company's announcements for any updates regarding the dividend policy.
Classification of Elm within the Sectors of the Saudi Financial Market
Elm is classified within the Telecommunications and Information Technology (TMT) sector in the Saudi financial market. This sector includes traditional telecommunications companies, tech solution companies, and software companies. What distinguishes Elm from others is its almost exclusive focus on government digital solutions, while telecommunications companies (such as STC, Mobily, and Zain) focus on infrastructure and communications. This classification provides investors and analysts with a framework to compare Elm's performance with other companies in the sector, considering the differences in business models.
The Importance of the Public Investment Fund in Developing the Tech Sector
The Saudi Public Investment Fund plays a crucial role in developing the national tech sector by investing in companies like Elm. The fund aims to localize modern technologies, support national competencies, and achieve digital independence for the Kingdom. The fund's investments in Elm fall within a broader strategy to enhance the digital economy and expand the base of leading tech companies in the Kingdom. Elm's success represents a model for state-private sector partnership to enhance innovation and achieve sustainable growth. The fund is expected to continue supporting the company through financing new projects and entering into strategic local and international partnerships.
How to Follow News and Performance of Elm's Share in the Financial Market
Interested parties can follow news and performance of Elm's share through the official website of the Saudi financial market (Tadawul), where all disclosures, earnings reports, and news of new deals are published. The company itself also provides annual and quarterly reports on its website that include details of financial and strategic performance. It is important for followers to review these official sources periodically to obtain the latest data and accurate information about the company's developments and its share price in the market.
Regulatory Warnings and the Importance of Consulting a Licensed Financial Specialist
The Saudi Capital Market Authority emphasizes the importance of not making investment decisions based on unofficial information or unstudied forecasts. Investors and interested parties should study official financial reports, review periodic disclosures, and consult a licensed financial advisor before making any buying or selling decisions in the stock market. This article provides general educational information about Elm without offering any recommendation or investment advice, aiming to educate readers on the importance of objective analysis and reliance on official sources when dealing with the financial market.
Conclusion
In this article, we provided a detailed answer to the question "What is the name of the company owned by the Investment Fund," clarifying that Elm is the company owned by the Saudi Public Investment Fund. We reviewed the company's background, financial data, its role in digital transformation, competitive position, and recent developments in the Saudi financial market. We also discussed the dividend policy, the company's classification within sectors, and the fund's role in supporting national technology. We reiterate the importance of referring to official sources and following periodic financial reports before making any financial decisions, emphasizing the need to consult a licensed financial advisor to ensure the safety of investment decisions. The SIGMIX platform provides readers with analytical and educational content about the Saudi financial market and always encourages consulting accredited specialists when needed for any investment or trading-related decisions.
Frequently Asked Questions
The name of the company owned by the Saudi Public Investment Fund is Elm. Elm is a leading company in the field of digital services and information technology, primarily owned by the Public Investment Fund, and was listed on the Saudi financial market in 2022. The company plays a pivotal role in supporting government digital transformation projects and technology localization according to the Kingdom's Vision 2030.
The trading symbol of Elm in the Saudi financial market is 7203. The company has been listed in the main market since February 16, 2022, and has become one of the prominent stocks in the telecommunications and information technology sector. The performance and news of the stock can be followed through the official Tadawul platform.
When Elm was listed in 2022, the offering price was 128 Saudi Riyals per share. By early 2025, the share price ranged between 900 and 950 Riyals approximately, reflecting significant growth in the company's market value. It is worth noting that stock prices change continuously, and the Saudi financial market should be monitored for the latest prices.
Elm's main activity is providing integrated digital solutions for both the public and private sectors. Its services include electronic government systems, cybersecurity, software development, cloud computing, and databases. The company focuses particularly on supporting the digital transformation of government entities in the Kingdom.
As of the end of 2024, Elm has not announced a fixed cash dividend distribution program. The company focuses on reinvesting its profits in expansion and technical development. If future distributions are announced, they will be disclosed officially through the Saudi financial market.
Elm is distinguished by its focus on the digital government sector, so there is no direct major local competitor offering the same scope. The closest competitors are telecommunications companies like STC and STC Solutions, as well as some emerging tech companies and software companies. There are also global companies providing specialized solutions in the Saudi market.
Among the notable developments is Elm's acquisition of the Public Investment Fund's stake in Thiqah Technology Services in April 2025, and signing new contracts with government entities, in addition to launching advanced platforms in cybersecurity and artificial intelligence. These developments reflect the company's expansion strategy locally and regionally.
News and performance of Elm's share can be followed through the official website of the Saudi financial market (Tadawul), as well as through the company's annual and quarterly reports published on its website. These sources provide accurate data on financial and administrative developments.
The Public Investment Fund aims, through Elm, to lead the national digital transformation, support technology localization, and build national competencies specialized in digital fields. The fund seeks to make Elm a model for leading national tech companies and achieve sustainable growth in the tech sector.
Elm is classified within the Telecommunications and Information Technology sector in the Saudi financial market. This sector includes traditional telecommunications companies and tech solution and software companies, with Elm distinguished by its focus on government digital solutions.
Yes, Elm has strategic partnerships with many ministries and government entities to implement digital transformation projects, such as the Ministry of Interior and the Ministry of Justice. It has also partnered with local and global tech companies to enhance its capabilities in cybersecurity and artificial intelligence.
It is very important to consult a licensed financial advisor before making any investment decision in the stock market, including investing in Elm. The specialist helps analyze financial data and assess risks, ensuring alignment with personal financial goals and market conditions.