Page 34 - ELM- JANUARY & FEBRUARY 2023

2/15/23, 11:24 AM Riyadh Daily

Riyadh "Riyadh Daily"
Elm Sings a Cooperation Agreement with ESNAD

Elm, a pioneering digital solution company, signed a cooperation agreement with the Saudi Mining Services
Company (ESNAD), to jointly improve the business efficiency and quality of industrial complexes and mining
sector, by employing the latest technologies.

The agreement was concluded on the sidelines of LEAP 2023 taking place in Riyadh from 6 to 9 February 2023.
It was signed by Dr. Nasser bin Zaid Al-Meshari, Elm's VP of Business Sector, and Ahmed Al-Otaif, ESNAD's
General Manager of Procurement and Strategic Alliances. Under this agreement, Elm and ESNAD will cooperate
and leverage top-tier technologies to enhance the controls tools and methodologies applied to mining activities in
the Kingdom, uplift the quality of industrial establishments and complexes to the highest international standards,
apply best practices and governance principles, and promote business in the sector.

The agreement provides for unifying the efforts of both parties and employing Elm's leading technical capabilities
to upgrade the integrated solutions and services system provided by ESNAD to local and international investors
in the Saudi mining field, develop the mining sector, and monitor and control its financial and regulatory
compliance.

This step is part of the Kingdom's efforts to increase the contribution of the mining sector to the GDP and make it
the third pillar of industry in the Kingdom, in addition to the oil and petrochemical industries, by optimally
leveraging mineral resources and developing their industries. By leveraging cutting-edge technologies, Elm-
ESNAD cooperation will help raise business efficiency in the sector, drive sustainability, raise transparency and
reliability in various mining activities, ensure optimal utilization of mineral resources, protect the environment,
enhance the safety of workers, and expand investment prospects.

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