Elm renews SAR 500 million facility. Elm stock sits 36.22 percent below SAR 754.68 target

Published on 10/16/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SAR 2.53 billion versus SAR 2.66 billion forecast. A 1.71 percent dividend yield adds context for Elm stock.

Financing and earnings

Elm renewed a SAR 500 million credit facility with Al Rajhi Bank on October 6, 2026.
Second-quarter revenue reached SAR 2.53 billion against a SAR 2.66 billion forecast on July 30, 2026.
Elm had a SAR 43.0 billion market capitalization as of October 15, 2026.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm (ISIN SA15GG53GHH3) renewed a SAR 500 million Shariah-compliant credit facility with Al Rajhi Bank on October 6, 2026. The 12-month facility supports working capital and bank guarantees, Argaam reported. Elm stock also has a SAR 754.68 average target from 11 analysts, according to Investing.com in its October 5, 2026 summary.

Three dates frame Elm's results

On July 30, 2026, Elm reported second-quarter revenue of SAR 2.53 billion against a SAR 2.66 billion forecast, while earnings per share came in at SAR 6.57 versus SAR 6.99, according to Investing.com. On September 22, 2026, Elm signed a five-year contract with the Saudi Standards, Metrology and Quality Organization to develop and operate a product-safety platform, the U.S.-Saudi Business Council reported.

The latest event came on October 6, 2026, when the credit facility was renewed at SAR 500 million. Its stated use is operational financing rather than a new acquisition, giving the announcement a balance-sheet and execution angle.

What does the target imply?

At the SAR 554.00 Tadawul close on October 14, 2026, the SAR 754.68 average target stood 36.22 percent above the share price. The target comes from 11 analysts, while the latest quarterly revenue was 4.89 percent below the forecast, making execution against estimates a central valuation issue.

Next reporting date

Elm's next reporting date is October 29, 2026, for third-quarter 2026 results, according to MarketScreener. AlJazira Capital forecasts third-quarter net income of SAR 561.7 million, up 9.5 percent quarter over quarter and 0.5 percent year over year, while projecting revenue growth of 5.0 percent, according to its October 2026 report.

Tadawul valuation stays central

Elm had a market capitalization of SAR 43.0 billion as of October 15, 2026. Its 52-week Tadawul range was SAR 504.50 to SAR 956.00, and the dividend yield was 1.71 percent in the latest financial summary. These figures frame the financing renewal against a stock that remains well below its yearly high but above its yearly low.

Tadawul close and market value

Elm's closing price was SAR 554.00 on Tadawul on October 14, 2026, while the company carried a SAR 43.0 billion market capitalization as of October 15, 2026.