Elm Saudi Company, which specializes in the field of digital security, announced on Wednesday that it had reached an agreement to acquire “Thiqa” business services company from the Saudi Public Investment Fund, the Kingdom’s sovereign wealth fund, for 3.4 billion riyals ($906.28 million). Elm Company said, in a disclosure to the Saudi Stock Exchange, that it had signed an agreement to buy and sell shares for the purpose of acquiring the entire fund’s share in “Thiqa” in a cash deal through Elm’s own financing sources and financial facilities. The company indicated that discussions regarding the deal began in 2023. Elm provides services related to information security, consulting, exchanging credit information, and managing and operating centers.