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2/15/23, 11:25 AM Elm Signs a Cooperation Agreement with ESNAD | MENAFN.COM
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

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