Logo ofThiqah Business Services Co.
Elm Co. announced today, Jan. 22, signing a share sale and purchase agreement (SPA) with the Public Investment Fund (PIF) allowing the Tadawul-listed firm to acquire the fund’s entire stake in Thiqah Business Services Co. (THIQAH) for SAR 3.4 billion. 
Established in 2012, THIQAH works to provide its partners with business services and smart solutions to confront challenges.
The company’s vision is to become the lead catalyst in unlocking the potential of digital solutions that transform industries and economies. Its mission includes creating transformative solutions through innovative design and unique cutting-edge capabilities that maximize value to its partners.
The company has a set of operational solutions dedicated to supporting basic activities, starting from human capital, through financial and accounting services, to supplies and logistics.
According to the company’s data, it has a set of ready-made solutions and platforms, such as tools for project management or task management programs. THIQAH provides solutions through six segments, which include products safety and logistics, FINTECH, commerce, data technology, quality of life and justice proptech.
Products safety and logistics contains two services, namely Saber and Certificate Issuance System.
Saber is an electronic platform that allows importers and manufactures of consumer goods to register the product conformity certificate and shipment certificate in the Saudi market for imported and locally manufactured products.
Certificate Issuance System is a unified digital portal affiliated with SASO, which contributes to the automation of procedures and certification services and the provision of marks and cards that indicate the conformity of goods to standard specifications and technical regulations.
FINTECH which includes Etikal and Etimad services.
Etikal is a platform that aims at governing accounting services in order to secure the commercial sector’s financial health, in the framework of developing the services of accounting system providers, auditing office services, accounting services, and financial consultancy.
Etimad is a certified e-platform which aims to support the digital transformation and increase transparency and efficiency in the financial services provided by the Ministry of Finance to various government and private sectors.
Commerce segment which includes four services, Maroof, 180 seconds, trademark registration service and establishing contracts register for companies.
Maroof is an e-platform that allows importers and manufactures of consumer goods to register the product conformity certificate and shipment certificate in the Saudi market whether imported or manufactured locally products. The platform enables online store owners to display their sites, write a description, and add ways for communication in one place. The platform also helps customers share their opinions, evaluate store owners, and view other customers’ comments.
180 seconds service enables organizations to electronically issue commercial registrations within 180 seconds while also providing managing services which allows modifying and renewing the registration.
Trademark registration service enables institutions individuals to electronically register and publish their trademarks.
Establishing contracts register for companies enables beneficiaries to electronically establish incorporation contracts for companies and to issue commercial registrations.
Logo ofThiqah Business Services Co.
Elm Co. announced today, Jan. 22, signing a share sale and purchase agreement (SPA) with the Public Investment Fund (PIF) allowing the Tadawul-listed firm to acquire the fund’s entire stake in Thiqah Business Services Co. (THIQAH) for SAR 3.4 billion.
Established in 2012, THIQAH works to provide its partners with business services and smart solutions to confront challenges.
The company’s vision is to become the lead catalyst in unlocking the potential of digital solutions that transform industries and economies. Its mission includes creating transformative solutions through innovative design and unique cutting-edge capabilities that maximize value to its partners.
The company has a set of operational solutions dedicated to supporting basic activities, starting from human capital, through financial and accounting services, to supplies and logistics.
According to the company’s data, it has a set of ready-made solutions and platforms, such as tools for project management or task management programs. THIQAH provides solutions through six segments, which include products safety and logistics, FINTECH, commerce, data technology, quality of life and justice proptech.
Products safety and logistics contains two services, namely Saber and Certificate Issuance System.
Saber is an electronic platform that allows importers and manufactures of consumer goods to register the product conformity certificate and shipment certificate in the Saudi market for imported and locally manufactured products.
Certificate Issuance System is a unified digital portal affiliated with SASO, which contributes to the automation of procedures and certification services and the provision of marks and cards that indicate the conformity of goods to standard specifications and technical regulations.
FINTECH which includes Etikal and Etimad services.
Etikal is a platform that aims at governing accounting services in order to secure the commercial sector’s financial health, in the framework of developing the services of accounting system providers, auditing office services, accounting services, and financial consultancy.
Etimad is a certified e-platform which aims to support the digital transformation and increase transparency and efficiency in the financial services provided by the Ministry of Finance to various government and private sectors.
Commerce segment which includes four services, Maroof, 180 seconds, trademark registration service and establishing contracts register for companies.
Maroof is an e-platform that allows importers and manufactures of consumer goods to register the product conformity certificate and shipment certificate in the Saudi market whether imported or manufactured locally products. The platform enables online store owners to display their sites, write a description, and add ways for communication in one place. The platform also helps customers share their opinions, evaluate store owners, and view other customers’ comments.
180 seconds service enables organizations to electronically issue commercial registrations within 180 seconds while also providing managing services which allows modifying and renewing the registration.
Trademark registration service enables institutions individuals to electronically register and publish their trademarks.
Establishing contracts register for companies enables beneficiaries to electronically establish incorporation contracts for companies and to issue commercial registrations.
