Elm Company is a Saudi joint stock company owned by the Public Investment Fund that provides its services to all segments of beneficiaries, including the government sector, the corporate sector, and individuals. Elm Company aims to build the largest national system for secure electronic business to provide information sharing and exchange of data and information by parties from various sources. This provides the opportunity for information providers and beneficiaries to deal with information through secure electronic channels.
“Elm” was established as a Saudi limited liability company on June 8, 1988 AD in the Kingdom of Saudi Arabia in the city of Riyadh, to be the first research company owned by the National Information Center with the aim of transferring technology from all over the world and localizing it in the Kingdom under the name “Elm Research and Development Company.”
In the second quarter of 2002, the name of the “company” was changed to “Al-Elm Information Security Company” to provide everything related to information security. The “company” launched the “Inquiry About Hajj Permits Electronically” service and made it available to the public directly through text messages, thus achieving the first step. In the world of electronic services in the Kingdom of Saudi Arabia, it is the first secure electronic service available to the public, away from government reviews.
In 2002, the company launched the service for inquiring about “Hajj permits” as the first electronic service in Saudi Arabia. The year 2007 also witnessed the launch of the first integrated interactive electronic service for the general public, which is the “Electronic Visa (Exit and Return)” service, which achieved a qualitative change in the field of re-engineering. Procedures and change management. It was able to reverse the equation (paper and electronic) and impose its new concept that the data recorded in the electronic system is more important than data stamped or a sticker affixed to a passport page, which had the greatest impact in accelerating the transition to e-government services.
A royal decree was issued approving the transformation of Al-Elm Information Security Company into a Saudi joint stock company owned by the Public Investment Fund on November 13, 2007.
On February 16, 2022, the company offered 24 million ordinary shares for public subscription, representing 30% of its capital, and achieved success during the offering process through the large demand for subscription, as institutional subscription coverage reached more than 69%, and the volume of coverage for individual investors reached more than 1311%.
Now we review the results of advanced trading indicators with Elm Company stock 7203 in the Saudi market (TASI).
Frame: 3 days
You also notice that the price explosion of the stock (Elm Company) occurred in Tassie on January 30, 2023, at an entry price of 358.40.
Reaching the peak at 740 in a short period
Thus, this increase achieved a 106% profit
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