Elm signs five-year SASO deal: SAR 754.68 target for Elm stock

Published on 10/15/2026 at 12:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elm posted SAR 2.53 billion in second-quarter 2026 revenue versus SAR 2.66 billion forecast. Elm stock has a SAR 754.68 target from 11 analysts.

Contract and earnings context

Elm signed the SASO platform contract on September 22, 2026, with expected revenue equal to 15.00 percent of 2025 sales.
Second-quarter 2026 revenue reached SAR 2.53 billion against a SAR 2.66 billion forecast.
Elm stock was trading at SAR 546.00 on Tadawul on October 15, 2026 at 12:02 p.m. CEST.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm stock (ISIN SA15GG53GHH3) was trading at SAR 546.00 on Tadawul on October 15, 2026 at 12:02 p.m. CEST. The company signed a five-year product-safety platform contract with the Saudi Standards, Metrology and Quality Organization on September 22, 2026, according to MarketScreener. The same source reports an average SAR 754.68 target from 11 analysts.

What does the contract add?

The SASO project covers the development and operation of an integrated digital product-safety platform. The contract runs for five years, beginning with the project start record, and expected revenue over its term equals 15.00 percent of Elm's 2025 sales, according to GCC Tender News.

The agreement uses revenue sharing rather than a fixed total contract value. That structure ties the eventual contribution to transaction volumes, while the five-year operating period gives Elm a defined route to related digital services.

Quarterly figures trail estimates

Elm reported SAR 2.53 billion in second-quarter 2026 revenue against a SAR 2.66 billion forecast. Adjusted earnings per share were not used here; the reported diluted earnings per share figure was SAR 6.57 for the quarter, compared with SAR 6.99 forecast, according to Investing.com.

Three dates shape the stock story

On July 22, 2026, the SASO award was announced; on September 22, 2026, Elm signed the five-year contract; on October 15, 2026, its Tadawul quote was SAR 546.00. These dates connect the initial award, the signed operating agreement and the latest market value.

Next reporting date is October 29, 2026

Elm's next scheduled reporting date is October 29, 2026, when the company is expected to publish third-quarter 2026 results, as listed by MarketScreener. The report will provide the next quantified test of revenue conversion from Elm's project pipeline.

Stock value and market context

Elm's market capitalization was SAR 42.5 billion as of October 15, 2026, while its 52-week range was SAR 504.50 to SAR 956.00. The latest quote of SAR 546.00 therefore sits inside that range and remains below the SAR 754.68 average analyst target.