Strategic Acquisition The recent acquisition of THIQAH by Elm Company for nearly $1 billion indicates a significant consolidation in the Saudi digital solutions market. This presents opportunities for sales teams to position complementary digital security and consultancy services to the new parent company.
Market Expansion THIQAH's active expansion into sectors like government and private industries through innovative digital platforms, such as the Certificate of Origin, highlights ongoing demand for tailored digital transformation solutions and industry-specific applications.
Recognition & Awards Winning multiple awards for customer experience and technological excellence boosts THIQAH's credibility, making it an attractive target for partnership or procurement of advanced customer engagement and tech solutions.
Strategic Partnerships The partnership with FPT Software and collaborations with trade centers like CICIBAS point to an openness to strategic alliances, offering avenues for joint ventures, technology integrations, and expansion into new digital markets in the region.
Growth Potential With revenue estimates between $50 million to $100 million and a substantial employee base, there are opportunities for offering advanced IT services, cloud solutions, and digital infrastructure to support THIQAH’s ongoing digital initiatives and talent development.