Elm renews SAR 500 million facility: 11 analysts rate Elm stock

Published on 10/13/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SAR 2.53 billion versus SAR 2.66 billion forecast. Eleven analysts set a SAR 754.68 average target for Elm stock.

Key points in brief

Elm renewed a SAR 500.0 million Shariah-compliant credit facility on October 6, 2026.
The facility runs for 12 months and supports working capital and bank guarantees.
Second-quarter revenue was SAR 2.53 billion versus a SAR 2.66 billion forecast.
Eleven analysts set an average 12-month target of SAR 754.68 for Elm.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm renewed a SAR 500.0 million credit facility on October 6, 2026, while 11 analysts rate Elm stock through a consensus that sets an average target of SAR 754.68. Argaam reported the 12-month Shariah-compliant facility, and Investing.com lists the analyst count and target.

Three dated developments

On September 22, 2026, Elm signed a five-year Product Safety Platform contract with the Saudi Standards, Metrology and Quality Organization, according to Zonebourse. On October 6, 2026, the company renewed its SAR 500.0 million credit facility through Argaam. On August 5, 2026, Elm reported second-quarter revenue of SAR 2.53 billion, with the period and figure also carried by Investing.com.

What does the facility change?

The financing has a 12-month term and is secured by a promissory note for the full SAR 500.0 million amount. Argaam said Elm plans to use the facility for working capital and bank guarantees, making the agreement a balance-sheet support measure rather than a fixed-value customer contract.

The latest quarterly comparison adds a useful operating counterpoint: SAR 2.53 billion of second-quarter revenue came below the SAR 2.66 billion forecast cited by Investing.com. The gap puts execution and the conversion of new digital projects into reported revenue at the center of the next results discussion.

Next reporting date and market value

Elm's next reporting date is October 29, 2026, for third-quarter results, as listed by Zonebourse. On October 12, 2026, Elm had a market capitalization of SAR 44.3 billion and a 52-week range of SAR 504.50 to SAR 956.00. The company is listed on Tadawul under ticker 7203.SR and operates in information technology services, according to Global Banking & Finance Review.