THIQAH Company Profile

Background

Founded in 2012, THIQAH is a Saudi Arabian company specializing in information technology and business consulting services. The company is dedicated to leading change and creating long-term value by harnessing modern digital solutions to serve both local and global partners. Over the past decade, THIQAH has emerged as a trusted partner for government and private organizations across various sectors, including finance, real estate, logistics, and more.

Key Strategic Focus

THIQAH's strategic focus centers on delivering innovative digital solutions and business services that drive transformation and efficiency. The company specializes in developing and implementing cutting-edge business and smart solutions tailored to the unique needs of its clients. By leveraging advanced technologies, THIQAH aims to unlock the true potential of industries and economies, positioning itself as a catalyst for digital transformation.

Financials and Funding

In January 2025, Elm, a pioneer in digital solutions, announced the acquisition of THIQAH from the Public Investment Fund (PIF) in a deal valued at $907 million. This strategic move is expected to enhance integration, rationalize spending, increase profitability, and provide qualitative advantages for both parties and the market.

Technological Platform and Innovation

THIQAH distinguishes itself through its commitment to innovation and the development of proprietary technologies. The company offers a range of smart solutions and business services, including digital technologies, innovative business models, operational solutions, professional solutions, and digital solutions. These offerings are designed to help organizations navigate technological challenges and accelerate business growth.

Leadership Team

THIQAH's leadership team comprises experienced professionals dedicated to steering the company towards its vision. Key executives include:

Ayman Al-Fallaj: Chief Executive Officer

Abdulelah Altunisi: Chief Financial Officer

Ahmad Althumairy: Chief Technology Officer

Abdulrhman Al-Medaimigh: Chief Delivery and Design Officer

Salman AlBarrak: Chief Brand and Marketing Officer

These leaders bring a wealth of experience in technology, finance, and strategic planning, driving THIQAH's mission to deliver transformative solutions.

Leadership Changes

In April 2025, Elm completed the full acquisition of THIQAH, marking a significant change in the company's ownership and strategic direction. This acquisition is expected to enhance integration and drive growth within the digital solutions sector.

Competitor Profile

Market Insights and Dynamics

The information technology and business consulting sector in Saudi Arabia is experiencing rapid growth, driven by the Kingdom's Vision 2030 initiative, which emphasizes digital transformation and economic diversification. The market is characterized by increasing demand for innovative digital solutions and services that enhance operational efficiency and competitiveness.

Competitor Analysis

THIQAH operates in a competitive landscape alongside several key players:

Elm: A digital solutions company that has recently acquired THIQAH, aiming to enhance integration and expand its market presence.

Qoyod: A provider of cloud-based accounting software, offering solutions tailored for small and medium-sized enterprises.

Amlak International: A real estate finance company offering innovative financial solutions in the property sector.

These competitors focus on various aspects of digital transformation, financial services, and technology solutions, contributing to a dynamic and evolving market.

Strategic Collaborations and Partnerships

THIQAH has established over 100 strategic partnerships, leading to the development of more than 60 smart technical projects and serving over 10 million users. These collaborations span various sectors, including finance, real estate, logistics, and more, enabling THIQAH to deliver comprehensive and impactful solutions.

Operational Insights

THIQAH's strategic considerations involve leveraging its expertise in digital solutions to maintain a competitive edge. The company's focus on innovation, customer-centric solutions, and strategic partnerships positions it favorably in the market. The recent acquisition by Elm is expected to further enhance THIQAH's capabilities and market reach.

Strategic Opportunities and Future Directions

Looking ahead, THIQAH aims to continue its trajectory of growth by expanding its portfolio of digital solutions and services. The company plans to leverage its strengths in technology and innovation to explore new markets and sectors, aligning with Saudi Arabia's Vision 2030 goals. The integration with Elm presents opportunities for synergies that can drive further innovation and value creation.

Contact Information

For more information about THIQAH and its services, please visit the official website.

Note: Specific contact details such as address, phone number, and email are not provided in this profile.