RIYADH: Saudi digital security Elm Co. signed a SR207 million ($55 million) contract with the Ministry of Interior to install vehicle security systems and field inspection gates.
Under the one-year deal, the Public Investment Fund-owned company will provide the necessary hardware, equipment, systems, training and licenses for the performance of the contract, according to a bourse filing.
The relevant financial impact will be reflected in the company's revenue beginning in the fourth quarter of 2022.
