Saudi Arabia’s Public Investment Fund (PIF) has sold its tech services company, Thiqah Business Services, to digital security firm Elm for 3.4 billion Saudi riyals (approximately $907 million). This transaction is part of PIF’s efforts to strengthen its reserves while reviewing projects and focusing on local investments in preparation for Saudi Arabia’s 2030 economic transformation.
Saudi Arabia’s PIF Sells Thiqah Business Services to Elm for $907 Million
