Saudi Arabia acquires investment stake in Digital “Elm” Smart Solutions
Enter into promising companies and enhance its growth strategies
Wednesday – 9 Jumada I 1442 AH – 23 December 2020 CE
Part of the contract signing process between Elm and Smart Solutions Company (Middle East)
Riyadh: Middle East
Elm Digital Solutions Saudi Arabia has announced the acquisition of an investment stake in “Smart Home Solutions”, which leads services in the areas of resource management systems to various government and private organizations, as well as enterprise applications and data services for small and medium enterprises.
“This phase is within the framework of growth strategies by expanding services to various sectors, large, medium and small, as well as investing in promising companies,” said Elm CEO, Dr. Abdul Rahman Al-Jadi explained.
Al-Judein stressed the importance of Elm’s innovators in making bold investments in innovative entrepreneurial projects and companies, and in empowering entrepreneurs in developing their companies through financial investment, strengthening strategic aspects and adapting to the type and character of the entrepreneurial company and entrepreneur.
He added that this is done through capital participation and support for technical expertise and operation. Through these investments, Alam contributes to creating a conducive investment climate for assisting entrepreneurs in various technology sectors and securing exit opportunities for entrepreneurs in entrepreneurial companies.
In addition to acquiring one company, Elm has invested in local and regional companies such as Unifunk, Sarah, Z, Byzat, Foods and Health Me over the past few years, according to information released today. A transfer to achieve integration and interdependence in the logistical field.
Abdul Majeed Al Mousa, CEO, SmartWaton Solutions, said the company specializes in providing consulting and business integration services to government, private sector, data science and business intelligence dashboards.
The aim is to accelerate the process of economic growth in Saudi Arabia through the process of digitization, to present a clear roadmap and plan for adopting the necessary investment and cooperation as an approach to diversify the economy, to create future opportunities for promoting the development of small and medium enterprises, and to create new economic opportunities for the sustainable economy. Long-term.
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