{"id":217770,"date":"2022-01-24T08:10:44","date_gmt":"2022-01-24T08:10:44","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=217770"},"modified":"2022-01-24T08:10:44","modified_gmt":"2022-01-24T08:10:44","slug":"saudi-elm","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/saudi-elm\/","title":{"rendered":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO"},"content":{"rendered":"

Riyadh, (Business News Report) –<\/strong> Saudi digital security firm Elm seeks to raise 3 billion riyals ($820 million) in IPO.<\/p>\n

The company will offer a share of its shares for public subscription on the Saudi Stock Exchange (Tadawul).<\/p>\n

Elm said that the price range for subscription in its shares is between 113 riyals to 128 riyals. The company will determine the price of the offering for public subscription after the completion of the book-building process.<\/p>\n

Saudi Elm<\/h2>\n

The company, owned by the Saudi Public Investment Fund, intends to sell 24 million shares. This is about representing 30% of its capital, in a public offering.<\/p>\n

In the most important information about the subscription, the institutional book building will take place between January 23-28.<\/p>\n

The subscription for the individual tranche of 7.2 million shares, will start on February 3, after determining the final offer price.<\/p>\n

Riyad Capital Group is the financial advisor and underwriter for the IPO process.<\/p>\n

The listing of Elm shares comes at a time when countries in the Middle East are intensifying their efforts to sell shares in private companies and provide liquidity in their stock markets.<\/p>\n

Listing companies<\/h2>\n

Saudi Arabia ranked first in the region last year, with the listing of several companies including the Saudi Stock Exchange, ACWA<\/a> Power and STC’s Internet services unit.<\/p>\n

Offering a share of Elm comes as part of the Public Investment Fund plans to enter deeper into the public markets this year by investing about another $10 billion in listed shares.<\/p>\n

The Saudi benchmark\u00a0index\u00a0has jumped 9% this\u00a0year, extending its gains in 2021, which amounted to 30%.<\/p>\n

Elm was founded as a research company in the 1980s. It has developed several online services for the Saudi government including the Absher platform. It enables residents and citizens to carry out transactions such as paying traffic fines.<\/p>\n

The company has set up a system to manage the entry of foreign pilgrims into the kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Riyadh, (Business News Report) – Saudi digital security firm Elm seeks to raise 3 billion riyals ($820 million) in IPO. The company will offer a share of its shares for public subscription on the Saudi Stock Exchange (Tadawul). Elm said that the price range for subscription in its shares is between 113 riyals to 128 […]<\/p>\n","protected":false},"author":4,"featured_media":217778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[7354,278,576],"class_list":["post-217770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-elm","tag-featured","tag-saudi-arabia"],"yoast_head":"\nSaudi digital security firm Elm seeks to raise 3 billion riyals in IPO<\/title>\n<meta name=\"description\" content=\"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/saudi-elm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO\" \/>\n<meta property=\"og:description\" content=\"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/saudi-elm\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-24T08:10:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"864\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BNR staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BNR staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/\"},\"author\":{\"name\":\"BNR staff\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\"},\"headline\":\"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO\",\"datePublished\":\"2022-01-24T08:10:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/\"},\"wordCount\":322,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Saudi-Elm.jpg\",\"keywords\":[\"Elm\",\"Featured\",\"Saudi Arabia\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/\",\"name\":\"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Saudi-Elm.jpg\",\"datePublished\":\"2022-01-24T08:10:44+00:00\",\"description\":\"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Saudi-Elm.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Saudi-Elm.jpg\",\"width\":1536,\"height\":864,\"caption\":\"Saudi Elm\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-elm\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\",\"name\":\"BNR staff\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/mnsa\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO","description":"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/saudi-elm\/","og_locale":"en_US","og_type":"article","og_title":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO","og_description":"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.","og_url":"https:\/\/www.bnreport.com\/en\/saudi-elm\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2022-01-24T08:10:44+00:00","og_image":[{"width":1536,"height":864,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg","type":"image\/jpeg"}],"author":"BNR staff","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"BNR staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/"},"author":{"name":"BNR staff","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e"},"headline":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO","datePublished":"2022-01-24T08:10:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/"},"wordCount":322,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg","keywords":["Elm","Featured","Saudi Arabia"],"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/","url":"https:\/\/www.bnreport.com\/en\/saudi-elm\/","name":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg","datePublished":"2022-01-24T08:10:44+00:00","description":"BNReport| Saudi Elm seeks to raise 3 billion riyals in IPO. The company will offer a share of its shares for public subscription on Tadawul.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/saudi-elm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/01\/Saudi-Elm.jpg","width":1536,"height":864,"caption":"Saudi Elm"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/saudi-elm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Saudi digital security firm Elm seeks to raise 3 billion riyals in IPO"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e","name":"BNR staff","url":"https:\/\/www.bnreport.com\/en\/author\/mnsa\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/217770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=217770"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/217770\/revisions"}],"predecessor-version":[{"id":217782,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/217770\/revisions\/217782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/217778"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=217770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=217770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=217770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}