The Saudi Exchange today welcomed Elm Company, which is specialised in the field of digital solutions with a wide range of diverse and flexible business models, as it listed on the Saudi Exchange’s Main Market.

 

The listing ceremony was attended by Mohammed Al Rumaih, CEO of Saudi Exchange; Raed Bin Ahmed, Chairman of Board of Directors of Elm Company; board members of Saudi Exchange and Elm and other officials.

 

Al Rumaih said: “We are delighted to welcome the second listing in the Main Market on the Saudi Exchange in 2022. We had a rewarding year in 2021 and look forward to many more listings as we look to diversify our market offering and remain the issuers’ exchange of choice and a prime destination for investors looking to expand their portfolios. We remain committed to advancing the Saudi capital market under the Financial Sector Development Program of Vision 2030. 

 

“By listing our shares on the Saudi Exchange, we are delighted to provide a gateway for investors to broaden their portfolio and invest in the strong Saudi economy. Furthermore, this marks a new chapter in our journey to finance our future growth and increase our earnings, for the company and for our shareholders,” said Dr Abdulrahman Al-Jadhai, CEO pf Elm Company.

 

Elm issued a total of 24 million shares, representing 30% of the company’s share capital. The issued shares were set at an offering price of SR128 per share. -TradeArabia News Service