Saudi GAC nods to Elm's takeover of Tabadul

The General Authority for Competition (GAC) announced approving the completion of the takeover by Al Elm Information Security Company (Elm) for the entire shares (100%) of Saudi Company for Exchanging Digital Information (Tabadul) from the Public Investment Fund (PIF).

Under the share purchase agreement, which was signed in August between Elm and Tabadul, Tabadul will become a wholly owned subsidiary of Elm, retaining its brand and identity, according to Argaam's available data.

In addition, Tabadul’s current executive management will continue to lead its operations, and will report to its existing board of directors, with representation from Elm.

Elm provides various technical solutions, e-products, consulting services, digital outsourcing, and training solutions to government and private businesses.

Tabadul provides digital integration solutions to the logistics sector, enabling the exchange of information, goods and services across government and private businesses in Saudi Arabia.

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