PIF’s digital security firm Elm wins $55m contract from the Ministry of Interior

  • 11/15/2022
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RIYADH: Saudi digital security Elm Co. signed a SR207 million ($55 million) contract with the Ministry of Interior to install vehicle security systems and field inspection gates. Under the one-year deal, the Public Investment Fund-owned company will provide the necessary hardware, equipment, systems, training and licenses for the performance of the contract, according to a bourse filing. The relevant financial impact will be reflected in the company"s revenue beginning in the fourth quarter of 2022.

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