On July 22, 2026, Elm Company announced the award of a contract with the Saudi Standards, Metrology and Quality Organization (SASO) to develop and operate the Product Safety System for SASO's regulated products. The contract involves building an integrated digital platform as the technical infrastructure of the system, along with other operational tasks, and will run for a period of five years. The contract is structured as a revenue-sharing agreement with no fixed total value, as its worth is tied to the number of transactions executed; however, the company's expected revenue over the contract term is approximately 15% of its total revenues based on the audited annual financial statements for fiscal year 2025. No legal or financial obligations will arise for the company until the contract is formally signed.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.