83. Elm *

Country: Saudi Arabia
Sector: Technology
CEO: Abdulrahman Aljadhai
Market Value: $19.4 billion
Sales: $1.6 billion
Profits: $362 million
Assets: $2.2 billion

Elm provides digital solutions to government entities, businesses, and society in Saudi Arabia. Elm also works through its subsidiaries to provide digital products, omni-channel platforms, professional and specialized solutions and services, as well as business outsourcing services. Among its products are the Absher platform, which is supervised by Saudi Arabia’s Ministry of Interior and the Saudi Data and Artificial Intelligence Authority, and the Nusuk Platform, which is owned by the Ministry of Hajj and Umrah. In September 2023, the company signed a $133.3 million Shariah-compliant banking facilities agreement with alrajhi bank. The Public Investment Fund is the major shareholder, with a 67% stake.