PIF-owned digital security provider Elm gets regulatory approval for IPO – The National
- Date: 23-Dec-2021
- Source: The National
- Sector:Technology
- Country:Saudi Arabia
PIF-owned digital security provider Elm gets regulatory approval for IPO – The National
Elm, a Saudi Arabian information security company, received regulatory approval from the kingdom's Capital Markets Authority for an initial public offering to sell 24 million shares, which represents 30 per cent of Elm's share capital.
The prospectus for the Riyadh-based company, which is owned by the kingdom's Public Investment Fund, will be published before the start of the subscription period, the company said in a filing to the Saudi stock exchange on Thursday.
Elm did not say when it plans to list its shares.
Select Sector 
Select Country 
