The Middle East’s

7. Mohammad Alomair

Company: Elm
Designation: CEO
Residence: Saudi Arabia
Date of Establishment: 1986

Alomair joined Elm in 2002 and became CEO in 2024. Owned by PIF, Elm delivers digital solutions across Saudi Arabia, including Absher and Nusuk platforms, among others. In April 2025, Elm acquired PIF’s full stake in the Thiqah Business Services Company, a provider of smart technology solutions, for $907 million. In the first nine months of 2025, the company’s revenues grew by 26.1% to $1.8 billion and had total assets of $2.9 billion. Later that year, Elm signed contracts to digitize excavation and construction permits processes across four regions in Saudi Arabia. Alomair sits on the board of Obeikan Group’s Madar.