Elm, Kidana ink deal to drive digital transformation of holy sites

Majid bin Saad Al-Arifi, spokesman and vice president of Marketing at Elm
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Updated 18 January 2025
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Elm, Kidana ink deal to drive digital transformation of holy sites

Elm, a pioneer in digital solutions, signed an MoU with Kidana Development Company, a major developer of the holy sites that is wholly owned by the Royal Commission for Makkah City and Holy Sites. The agreement will bolster joint efforts in the development and operation of digital platforms, as well as deliver consulting services and promote digitization in the holy sites. It will also facilitate inspection and field supervision services to ensure the highest standards of quality and efficiency.

The MoU was signed by Mohammad Abdulaziz Alomair, CEO of Elm, and Majed Ahmed Al-Shangiti, executive vice president of human capital and shared services at Kidana, in the presence of key officials from both organizations.

As part of the MoU, both entities will coordinate their efforts to achieve mutual goals in areas of shared expertise while leveraging Elm’s electronic solutions, technological systems, and consulting services to drive the digital transformation of the holy sites.

Majid bin Saad Al-Arifi, official spokesman and vice president of marketing at Elm, said: “We are honored to collaborate with Kidana, led by a vision to enhance the services offered to pilgrims of Umrah, in line with the objectives of Saudi Vision 2030. The collaboration will enable us to develop a range of electronic platforms and enhance the digital infrastructure while offering specialized consultancy services and complete support in the field of digital transformation.” 

The agreement will also facilitate cooperation in the fields of operations, inspection, and field control services, paving the way for robust security and safety standards. These are especially significant given the large number of pilgrims and Umrah performers who visit the holy sites in the Kingdom to perform the rituals of Hajj and Umrah each year.”

The MoU demonstrates Elm’s commitment to forming strategic alliances with companies from diverse sectors and offering best-in-class services, including consulting, technical solutions, and digital support.


Arab Investment launches new corporate identity

Updated 08 February 2026
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Arab Investment launches new corporate identity

The Arab Investment Company has launched its new corporate identity, “Arab Invest,” in a strategic move that reflects its future direction and marks the start of a new chapter in its journey, which began in 1974, as one of the Arab sovereign wealth funds concerned with developing resources and enhancing economic integration among its 16 Arab member states.

The new corporate identity reflects the company’s value system underpinning its investment approach, based on robust governance, sustainability, effective partnerships, and adherence to the highest professional and economic standards, embodying its vision of building high-quality investments aligned with the priorities of the shareholder states.

Saad bin Abdulaziz Al-Khalb, chairman of the board of directors, said: “The launch of the company’s new identity comes within the context of a strategic phase aimed at enhancing clarity of institutional vision and consolidating the company’s position over the long term, in line with shareholders’ aspirations and reflective of the requirements of the coming period.”

He added that the new identity is viewed as a clear translation of a well-considered investment trajectory that reflects depth of experience, strengthens stakeholders’ confidence, and supports the company’s ability to continue serving the interests of the Arab member states.

CEO of Arab Invest Abdullah bin Saleh Bakhraibah said the launch of the new corporate identity represents, in essence, a new chapter in the company’s journey spanning more than 50 years. He noted the particular importance of this step at both the strategic and operational levels, as the new identity reflects a series of institutional transformations the company has undergone in recent years, including achieving the highest financial revenues in its history during 2025.

Bakhraibah added: “The new identity is not merely a visual update for the company; rather, it is a strategic message that expresses an advanced stage of institutional maturity, while simultaneously underscoring the deep historical roots of one of the region’s most established Arab sovereign wealth funds, consolidating its distinguished position and the credibility it enjoys in the Arab investment landscape, enabling it to keep pace with major economic developments and enhancing the company’s readiness to continue growth and expansion in accordance with best-in-class investment practices.”

He also highlighted the company’s distinguished investment efforts since the launch of its new strategy, saying that Arab Invest has recently witnessed notable development in local and global strategic partnerships, to achieve the highest performance standards and institutional operating mechanisms. Bakhraibah emphasized the company’s continued commitment to delivering sustainable investment impact in line with the aspirations of the coming period.