To Promote its Growth Strategies by Investing in Promising Companies
Elm Invests in The Smart Solutions Company
Elm, the pioneer of digital solutions, announced signing a share purchase agreement in the Smart National Solutions Company (SNS), which provides its resource management systems to governmental and private organizations, and offers enterprise application integration and data services for small and medium enterprises.
Dr. Abdulrahman Aljadhai, Chief Executive Officer of Elm, believes this deal supports Elm's growth strategy to invest in the leading companies and improve the services provided to large, medium, and small enterprises.
Aljadhai emphasized Elm's interest in innovative entrepreneurial projects and to support entrepreneurs in developing their companies through financial investment and promoting strategic aspects.
Elm aims to achieve this strategy through financial investment in the companies' capital and promoting their technical fields. Through these investments, Elm contributes to creating an encouraging environment to support entrepreneurs in various fields and provide backup solutions for entrepreneurial companies.
Elm has also invested in different leading local and regional companies such as Unifonic, Syarah, Zid, Bezaat, Foodics, and HealthifyMe and its recent acquisition of Tabadul to achieve integration in the logistics field.
CEO of Smart National Solutions Abdulmajeed Almousa, expressed his happiness of this step, stressing that (SNS) provides consulting and business integration services to the government and private sectors, delivers SAP enterprise solutions and BI dashboards for clients. It is working to increase its position in the market through quality services for various sectors.
Elm aims to contribute to accelerating economic growth through digitization processes, creating future opportunities to promote small and medium enterprises, and unlocking new financial possibilities for a sustainable economy.
For its part, (SNS) is one of the most prominent emerging Saudi companies that provide specialized services to various sectors in line with Vision 2030. It contributes to promoting digital and technical transformation in the Kingdom.