Elm renews SAR 500 million facility: 11 analysts target Elm stock at SAR 748.77

Published on 10/20/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elm posted SAR 2.53 billion revenue in the second quarter. Eleven analysts cover Elm stock before third-quarter results due October 28, 2026.

Contract and earnings timetable

Elm renewed a SAR 500 million banking facility with Alrajhi Bank on October 6, 2026.
The SASO platform contract signed on September 22, 2026 could generate revenue equal to 15.00 percent of 2025 sales.
Third-quarter results are scheduled for October 28, 2026, with 11 analysts at a SAR 748.77 average target.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm Company (ISIN SA15GG53GHH3) renewed a SAR 500 million Sharia-compliant banking facility with Alrajhi Bank on October 6, 2026, according to MarketScreener. The same market page lists 11 analysts and a SAR 748.77 average target for Elm stock. The company is listed on Tadawul in Saudi Arabia.

Three dated events shape the picture

On October 5, 2026, a project involving Elm was valued at SAR 5 million, as reported by MarketScreener. On October 6, 2026, Elm renewed the SAR 500 million facility. On October 16, 2026, MarketScreener reported that UBS kept a neutral rating while lowering its target.

What does the contract add?

The larger operating question is whether Elm can convert its platform expansion into recurring transaction revenue. Elm signed a five-year contract with the Saudi Standards, Metrology and Quality Organization on September 22, 2026, to develop and operate a product-safety platform, according to Argaam. Expected revenue over the term is equal to 15.00 percent of Elm's fiscal year 2025 revenue of SAR 9.46 billion, although the agreement uses revenue sharing rather than a fixed total value.

Elm's second-quarter 2026 revenue was SAR 2.53 billion and net income was SAR 513.00 million. For the third quarter of 2026, AlJazira Capital forecasts net income of SAR 561.7 million, up 9.5 percent from the second quarter, while revenue is forecast at SAR 2.64 billion, according to its AlJazira Capital report.

October 28 results date

Elm's next scheduled reporting date is October 28, 2026, for third-quarter results, according to MarketScreener. The release will give investors a fresh test of revenue growth, contract contribution and earnings conversion.

Tadawul price in Saudi riyals

Elm stock was last at SAR 535.00 on Tadawul on October 20, 2026 at 11:16 a.m. AST. Its market capitalization was SAR 41.7 billion on October 20, 2026, against a 52-week range of SAR 504.50 to SAR 956.00.