The International Human Resources Company announced a new achievement added to its commercial record, as it received an official purchase order from Elm Company , a leader in the field of digital solutions, with a total value of 9.4 million Saudi riyals.
According to the official statement published by the company on the Saudi Stock Exchange (Tadawul), this contract extends for three calendar years and will commence from the date of receipt of the purchase order. Under this contract, Al-Dawliya will provide specialized human resources services, known as outsourcing services, to Elm Company, reflecting the high level of confidence in the company's capabilities and expertise in this vital field.
Background on the partnership and its importance in the Saudi market
This partnership comes within the context of the Kingdom’s growing economy, where major companies and institutions are adopting more efficient and flexible business models. Elm, owned by the Public Investment Fund, is a key player in the Kingdom’s digital transformation journey, a key component of Vision 2030. By focusing on providing innovative solutions to the government and private sectors, Elm aims to improve its operational efficiency by outsourcing non-core tasks, such as human resources management, to specialized partners.
For its part, the International Human Resources Company has established itself as a trusted partner in providing integrated workforce solutions, helping companies focus on their core activities and achieve sustainable growth. Human resource outsourcing is a global trend that has proven successful in reducing operational costs and improving the quality of services provided to employees.
The expected impact of the contract on the two companies and the sector
This contract is expected to have a multifaceted positive impact. Domestically, this collaboration strengthens strategic partnerships between major national companies, contributing to a stronger local economy and the circulation of capital within the Kingdom. For the international human resources company, this contract represents a valuable addition to its client portfolio and will boost its future revenues, positively impacting its financial performance and investor confidence.
For Elm, this move will allow the company to dedicate more of its resources and efforts to developing innovative digital solutions, rather than being preoccupied with day-to-day human resources management. It also ensures access to high-quality, professional services that align with global best practices in personnel management. This approach serves as a model for other companies in the region seeking to enhance their competitiveness and achieve operational excellence.
