Elm Company announced a data resources development Agreement Sign-Off with the Ministry of Interior and the Saudi Data & AI Authority (SDAIA). The agreement aims to enable the company to develop and provide products and services in accordance with its terms and conditions. The Entity with Which the Contract was signed Ministry of Interior and Saudi Data & AI Authority.

Date of Signing the Contract 2024-07-09 Corresponding to 1446-01-03 Contract Value The Agreement does not include a fixed amount. The revenue from the products and services that falls within the Agreement for the year 2023 constituted approximately 42% of the Company's total revenue as per the audited financial statements for the same year. Contract Details This Agreement replaces previous agreements and the parties receives a percentage from the revenue of the products and services that falls in accordance with the terms and conditions of the agreement.

The agreement aims to enable the Company to develop and provide products and service in accordance with the terms and terms of the agreement. Contract Duration 10 years starting from 01-01-2024 Financial Impact and the Relevant Period This agreement may have a positive impact on the Company's revenue during the duration of the agreement as it may lead to expanding the products and services provided.