Elm completed the acquisition of Thiqah from PIF for $907m.

Synopsis

Elm, a provider of innovative secure services & solutions to both public and private sectors in Saudi Arabia, completed the acquisition of Thiqah, a firm specializing in smart technology solutions for business services, from PIF, a private equity firm, for $907m.

Principals

target

Thiqah Business Services

bidder

Elm Company

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Market Context

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Bidder Team (1)

mohammad abdulaziz alomair

CEO at ELM COMPANY

Manager

bidder

Deal

£ 738 M

Total Value

Vendor Team (1)

shahd attar

Head of Technology and Media, MENA Investments, at PIF at PUBLIC INVESTMENT FUND

Investor

vendor

Deal

£ 738 M

Total Value

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