Page 62 - ELM- JANUARY & FEBRUARY 2023

2/16/23, 11:08 AM Elm signs a Memorandum of Understanding with Taqeem
improve and develop valuation outputs, enhance valuation services, and boost the

efficiency of Taqeem employees.

The agreement was signed by Elm's CEO, Dr. Abdulrahman bin Saad Aljadhai, and
Faisal bin Bader Al-Mandeel, Taqeem's Secretary General.

Elm and Taqeem aim to establish a complementary relationship based on enhanced

partnership and coordinated cooperation to tap into digital transformation. Elm utilizes

its premier national expertise and comprehensive solutions and products to expand
reliance on technological tools and digital systems, and thus improve performance,

productivity, and reliability across vital sectors.

"We are privileged to sign a MoU with Taqeem, to establish a road map for productive

bilateral cooperation in areas of mutual interest. This indicates our common
eagerness to employ digital solutions and adopt governance frameworks as crucial

pillars to enhance process efficiency and service quality. This cooperation is critical as

it focuses on enhancing governance and transparency in valuation and assessment
across various industries. It also serves as a blueprint for inter-organization

collaboration to accelerate digital transformation across different sectors thereby

maintaining their competitiveness and promoting growth", said Majid bin Saad Al-Arifi,
Elm's Spokesperson and Executive Vice President of Marketing,

For his part, Mr Saad bin Sulaiman Al-Baiz, Taqeem's Director of Communication and
spokesperson, stated that signing this MoU is part of Taqeem's partnerships with

various government and private entities, aimed at improving the valuation profession

and its practitioners. This MoU will support the digital transformation of valuation
processes and provide the technical tools and solutions in the valuation sector in the

Kingdom, thereby positively impacting valuation outputs. These are some of the key

roles that Taqeem seeks to fulfill in order to organize and develop the valuation
profession. Mr. Al-Baiz also emphasized Taqeem's eagerness to make meaningful

contributions to the advancement of the profession and its practitioners.

Concluding this agreement during LEAP 2023 indicates the growing importance of this

global event as a strategic networking platform for technology pioneers, and a space

https://www.zawya.com/en/press-release/companies-news/elm-signs-a-memorandum-of-understanding-with-taqeem-km5v62k7 2/3