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2/15/23, 11:24 AM Company News in Egypt: Elm Signs a Cooperation Agreement with ESNAD

Elm Signs a Cooperation Agreement with ESNAD

14 February 2023- 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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