Elm Company Announces the Award of a Contract to Develop and Operate the Product Safety System for Regulated Products of the Saudi Standards, Metrology and Quality Organization (SASO)

Element List	Explanation
Date of the Award	2026-07-22 Corresponding to 1448-02-08
Counterparty	Saudi Standards, Metrology and Quality Organization (SASO)
Contract Value	The company's expected revenue during the term of the contract is approximately 15% of the company's total revenues, according to the audited annual financial statements for the fiscal year 2025. It is worth noting that the contract is a revenue-sharing contract, and its value is linked to the number of transactions executed, and the contract does not include a fixed total amount.
Contract Details	Developing and operating the product safety system for regulated products of the Saudi Standards, Metrology and Quality Organization (SASO), which includes the development of an integrated digital platform that forms the technical infrastructure of the system, along with the execution of other operational tasks. It is also worth noting that the contract duration will be five years.
Related Parties	NA
Additional Information	There is no legal or financial obligation towards the company during this stage unless the contract is signed, and the company will announce any material developments in this regard in accordance with the relevant rules and regulations.