Elm Moves to Boost Smart National Solutions Stake to 40%

13 Feb 2025 CW Team

Founded in 2016, Smart National Solutions (SNS) is a leading provider of systems integration, technology solutions, and consulting services. The firm boasts a diverse client base that includes prominent companies associated with the Public Investment Fund (PIF), government entities, and major players in the private sector.

The recent decision demonstrates Elm’s dedication to supporting local tech firms and empowering them to pursue sustainable growth through technical collaboration and improved service offerings. Additionally, this investment will enhance Elm's ability to provide innovative solutions that meet the needs of various sectors.

Majed bin Saad Al Arifi, the Official Spokesperson and Executive Vice President of Marketing at Elm, said: “By partnering with Smart National Solutions, we aim to further expand our technological capabilities and bolster our market position. This decision, while fully aligned with Elm’s growth strategy, also underscores our commitment to fostering transformation and innovation in the technology sector.”

As part of its expansion plans, Smart National Solutions has successfully secured projects from the Ministry of Health, the Ministry of Investment, Diriyah Gate Development Authority, and other key organisations. The company’s new vision seeks to expand its services, products, and applications in data analytics, artificial intelligence (AI), and SAP system integration, while exploring new markets to support its long-term growth.

Abdulmajeed Almousa, CEO of Smart National Solutions (SNS), stated: “We are honoured to establish this strategic alliance with Elm, which marks a significant milestone on our journey towards expanding the organisation’s digital offerings. Additionally, it showcases the strong confidence that our investors have in our expertise as a digital solutions provider. With Elm as our strategic partner, we are committed to maximising the value offered to our clients and stakeholders.”

The move reflects Elm's commitment to enhancing its investment portfolio by backing tech companies that are driving digital transformation in the Kingdom. Through similar strategic partnerships, Elm will continue to broaden its presence in the technology sector, utilising its integrated suite of digital solutions to promote innovation and sustainable growth, in alignment with the ‘Saudi Vision 2030’ strategy.

Elm, a leading digital solutions provider, signed a preliminary term sheet to increase its ownership of Smart National Solutions (SNS) to 40 per cent. This strategic move will facilitate the integration of both companies’ digital solutions, accelerating Saudi Arabia’s on-going digital transformation efforts. Founded in 2016, Smart National Solutions (SNS) is a leading provider of systems integration, technology solutions, and consulting services. The firm boasts a diverse client base that includes prominent companies associated with the Public Investment Fund (PIF), government entities, and major players in the private sector. The recent decision demonstrates Elm’s dedication to supporting local tech firms and empowering them to pursue sustainable growth through technical collaboration and improved service offerings. Additionally, this investment will enhance Elm's ability to provide innovative solutions that meet the needs of various sectors. Majed bin Saad Al Arifi, the Official Spokesperson and Executive Vice President of Marketing at Elm, said: “By partnering with Smart National Solutions, we aim to further expand our technological capabilities and bolster our market position. This decision, while fully aligned with Elm’s growth strategy, also underscores our commitment to fostering transformation and innovation in the technology sector.” As part of its expansion plans, Smart National Solutions has successfully secured projects from the Ministry of Health, the Ministry of Investment, Diriyah Gate Development Authority, and other key organisations. The company’s new vision seeks to expand its services, products, and applications in data analytics, artificial intelligence (AI), and SAP system integration, while exploring new markets to support its long-term growth. Abdulmajeed Almousa, CEO of Smart National Solutions (SNS), stated: “We are honoured to establish this strategic alliance with Elm, which marks a significant milestone on our journey towards expanding the organisation’s digital offerings. Additionally, it showcases the strong confidence that our investors have in our expertise as a digital solutions provider. With Elm as our strategic partner, we are committed to maximising the value offered to our clients and stakeholders.” The move reflects Elm's commitment to enhancing its investment portfolio by backing tech companies that are driving digital transformation in the Kingdom. Through similar strategic partnerships, Elm will continue to broaden its presence in the technology sector, utilising its integrated suite of digital solutions to promote innovation and sustainable growth, in alignment with the ‘Saudi Vision 2030’ strategy.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Infrastructure Urban

11 Mar 2026

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

Infrastructure Urban

11 Mar 2026

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..