Elm signs SASO contract: Elm stock sits 40.13 percent below its high

Published on 10/12/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elm expects contract revenue equal to 15.00 percent of 2025 sales. Elm stock stood at SAR 572.50 on October 12, 2026, below its SAR 956.00 high.

Key points in brief

Elm signed a five-year SASO Product Safety Platform contract on September 22, 2026.
Expected contract revenue was linked to 15.00 percent of Elm's 2025 revenue.
Elm stock stood at SAR 572.50 on October 12, 2026, while its 52-week range was SAR 504.50 to SAR 956.00.
Elm reported second-quarter revenue of SAR 2.53 billion and earnings per share of SAR 6.57.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm stock (ISIN SA15GG53GHH3) stood at SAR 572.50 on Tadawul on October 12, 2026, while its 52-week range was SAR 504.50 to SAR 956.00. The latest corporate event was Elm's September 22, 2026 contract with the Saudi Standards, Metrology and Quality Organization, or SASO, to develop and operate a Product Safety Platform, as Saudiweek reported.

Contract revenue has a five-year horizon

The project is scheduled to run for five years from the project commencement minutes. Its revenue-sharing structure links the final value to transaction volumes rather than a fixed contract amount, and expected revenue was stated at 15.00 percent of Elm's 2025 revenue, according to Saudiweek.

What do the latest results show?

Elm's second-quarter revenue reached SAR 2.53 billion, while earnings per share came to SAR 6.57 against a SAR 6.99 forecast. The figures relate to the quarter ended June 30, 2026, and were listed in the company's latest results summary by Investing.com.

Chronology points to execution risk

On July 30, 2026, Elm's latest quarter was reported with SAR 2.53 billion of revenue and SAR 6.57 earnings per share. On August 5, 2026, the six-month results ending June 30, 2026 were listed as the company's interim reporting event. On September 22, 2026, the SASO contract added a five-year operating commitment and a revenue-sharing model. The next scheduled earnings release is October 28, 2026, according to MarketScreener.

Elm stock stays below its yearly high

The SAR 572.50 market price is 40.13 percent below the SAR 956.00 52-week high, calculated from the same October 12, 2026 quote. Elm's market capitalization was SAR 44.6 billion on that date, giving the contract announcement a market context that is more dependent on transaction volumes than on a disclosed fixed order value.

Elm's current market picture is therefore tied to two measurable factors: second-quarter earnings per share of SAR 6.57 versus a SAR 6.99 forecast, and the potential revenue contribution of 15.00 percent of 2025 sales over the SASO project's five-year term.

The further course of trading is shown by the continuously updated real-time quote of Elm stock.