Business
ZAWYA-NEWS: PIF-owned tech firm Elm raises stake in Sahl Almadar Trading
ZAWYA-NEWS: PIF-owned tech firm Elm raises stake in Sahl Almadar Trading
About this update from Elm Company
First published: 17-Dec-2025 08:41:29Staff WriterSaudi Arabia’s Elm Company, which is owned by the Public Investment Fund (PIF), has increased its ownership interest in Sahl Almadar Trading Company, which operates a digital logistics platform.The technology firm said on Tuesday that it has raised its investment in Sahl Almadar from the previous 30% to boost its digital solutions offering, but it did not disclose the exact size of the stake being acquired.Sahl Almadar runs Madar, a digital platform that links shippers and carriers, as well as provides solutions in logistics operations.Elm had announced its 30% stake acquisition in Sahl in 2021.(Writing by Cleofe Maceda ; editing by Seban Scaria) [email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.