Elm signs product safety deal and target for Elm stock is SAR 763.32

Published on 10/09/2026 at 14:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elm revenue reached SAR 2.53 billion in the second quarter, below the SAR 2.66 billion forecast. Elm stock has 11 analysts and a SAR 763.32 average target.

Key points in brief

Elm signed a product safety system contract with Saudi Standards, Metrology and Quality Organization on September 22, 2026.
The five-year project is expected to generate revenue equal to 15.00 percent of Elm's fiscal 2025 revenue.
Elm reported SAR 2.53 billion in second-quarter 2026 revenue against a SAR 2.66 billion forecast.
Elm stock was last quoted at SAR 568.00 on Tadawul on October 8, 2026, while the average analyst target was SAR 763.32.

Elm, SA15GG53GHH3, Illustration mit AI erstellt.

Elm signed a product safety system contract with the Saudi Standards, Metrology and Quality Organization on September 22, 2026, while the consensus page cited by MarketScreener listed a SAR 763.32 average target for Elm stock. The contract is the latest dated operating milestone in the available company coverage.

Three milestones shape Elm

On July 30, 2026, Elm reported second-quarter revenue of SAR 2.53 billion against a SAR 2.66 billion forecast, according to Investing.com. Earnings per share came in at SAR 6.57 versus SAR 6.99 expected, a shortfall of 6.01 percent calculated against the forecast.

On September 8, 2026, an Elm unit secured a digitization order from the Saudi Commerce Ministry, according to the Elm news chronology reported by MarketScreener. On September 22, 2026, Elm formalized the product safety system agreement with the Saudi standards agency.

What does the contract mean for revenue?

The five-year project is expected to generate revenue equal to 15.00 percent of Elm's total fiscal 2025 revenue, according to MarketScreener. That scale gives the agreement a measurable financial dimension, although the source ties the estimate to the audited fiscal 2025 revenue base rather than providing a contract value in riyals.

Analyst target and next date

The consensus snapshot lists 11 analysts, an Outperform average view and a SAR 763.32 average target, compared with the last quoted SAR 595.00 shown in the same MarketScreener overview. The target stands SAR 168.32 above that reference, equal to 28.29 percent.

Elm's next earnings release is scheduled for October 28, 2026, according to the company calendar displayed by MarketScreener.

Elm stock stays below its yearly high

Elm stock was last quoted at SAR 568.00 on Tadawul on October 8, 2026 at 3:15 p.m. AST. The quote stood SAR 63.50 above the 52-week low of SAR 504.50 and SAR 388.00 below the 52-week high of SAR 956.00, while market capitalization was SAR 44.2 billion.

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