Logo of Elm

Elm, a digital security firm owned by the Public Investment Fund (PIF), hired Riyad Capital to advise on a planned initial public offering (IPO), Bloomberg reported, citing people familiar with the matter.

 

The company's estimated value is at $2 billion (SAR 7.5 billion), with the company aiming to complete the sale of shares on the Saudi market by next year.

 

The IPO could see the PIF selling off a stake of up to 30%, the report said, adding talks are at an early stage, and details of the offering could change.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request