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Thiqah Business to Develop Services for Commerce
Elm Company announced the signing of a contract with the Ministry of Commerce through its subsidiary, Thiqah Business Services, aimed at developing and digitizing the Ministry's services and providing them electronically. The contract includes managing and operating the Ministry's services on a revenue-sharing basis, with a duration of five years starting from September 2026. It is expected to contribute approximately 19% to the company's revenues in 2025 and is anticipated to boost financial performance and expand the development of related products and services.
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