Aaj TV English News - News https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Sat, 11 Apr 2026 02:24:53 +0500 Sat, 11 Apr 2026 02:24:53 +0500 60 Saudi digital security firm Elm seeks to raise up to $820m at IPO https://english.aaj.tv/news/30276747/ <p><strong>Saudi Arabia's digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million).</strong></p> <p>Elm, owned by the kingdom's sovereign wealth fund, said in a statement it plans to sell 24 million shares at an indicative price of 113 to 128 riyals per share.</p> <p>Reuters reported in May 2020 plans by Saudi Arabia’s Public Investment Fund to go ahead with a sale of shares to investors.</p> <p>Elm, fully owned by the Public Investment Fund, and provides secure e-business services and information technology, as well as project support services and government project outsourcing in Saudi Arabia, according to its website.</p> Saudi Arabia's digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million).

Elm, owned by the kingdom's sovereign wealth fund, said in a statement it plans to sell 24 million shares at an indicative price of 113 to 128 riyals per share.

Reuters reported in May 2020 plans by Saudi Arabia’s Public Investment Fund to go ahead with a sale of shares to investors.

Elm, fully owned by the Public Investment Fund, and provides secure e-business services and information technology, as well as project support services and government project outsourcing in Saudi Arabia, according to its website.

]]> https://english.aaj.tv/news/30276747 Sun, 23 Jan 2022 20:29:44 +0500 none@none.com (Reuters) The Saudi benchmark index has jumped 9% this year, extending its 2021 gains of 30%. Reuters/File