Elm signs five-year SASO contract for Elm stock

Elm (SA15GG53GHH3) signed a five-year contract with the Saudi Standards, Metrology and Quality Organization on September 22, 2026. The Product Safety Platform could generate revenue equal to 15 percent of Elm's total revenue over the contract term, based on its audited 2025 financial statements, according to Saudiweek.

Five years without a fixed value

The agreement covers an integrated digital platform for products regulated by SASO, along with operational services. Its value will depend on the number of transactions processed because the contract uses revenue sharing rather than a fixed total amount.

Saudiweek reported that Elm's revenue totaled SAR 9.46 billion in fiscal year 2025. On that historical base, 15 percent corresponds to SAR 1.42 billion, although the realized amount will depend on platform activity and the project's operating timetable.

What comes next for revenue?

The contract adds a multi-year revenue opportunity, but its contribution will build through transaction volumes rather than a single booked order value. That structure makes operating execution and adoption of the platform more important than the headline duration alone.

Results date sets the next marker

Elm is scheduled to publish third-quarter 2026 results on October 29, 2026, according to MarketScreener. That report should give investors a dated view of revenue performance after the first half of 2026 and provide the next operating reference for the SASO opportunity.

Elm stock in Saudi trading

Elm stock was trading at SAR 550.50 on Tadawul on October 19, 2026 at 10:35 a.m. AST. The market capitalization was SAR 42.9 billion, while the 52-week range stood at SAR 504.50 to SAR 956.00 as of October 19, 2026.

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