‎Saudi Networkers components prospectus to list 1.5 mln shares on Nomu

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Logo of Saudi Networkers Products and companies Co.


Aldukheil Monetary Community introduced the prospectus of Saudi Networkers Products and companies Co.’s (SNS) preliminary public offering (IPO) on Nomu-Parallel Market.

SNS plans to drift 1.5 million shares, or 25% of its portion capital.

The IPO will urge via July 24-28.

The Capital Market Authority (CMA) accepted, on June 7, Saudi Networkers’ application to register and list 1.5 million shares, representing 25% of its portion capital, on Nomu.

The offering will seemingly be confined to qualified investors, including the capital market establishments authorized to act on their very have myth; purchasers of an authorized capital market institution; Saudi government, any governmental body, any worldwide entity accepted by CMA or Saudi market, or any assorted financial market recognized by CMA or Securities Depository Heart (Edaa); companies which can perchance perchance be owned by the government, true away or via non-public portfolio manager; companies and funds established in the GCC nations; investment funds and pure persons allowed to launch investment accounts in the Kingdom and with Edaa.

Certified investors moreover encompass any assorted persons to make certain by CMA and pure persons who can launch investment accounts inner the Kingdom and accounts at Edaa and who fulfill the following standards: possess carried out affords in securities markets, with a total charge of now not now not as a lot as SAR 40 million, and now not now not as a lot as 10 affords in each and every quarter one day of the previous 12 months, gain assets charge is now not now not as a lot as SAR 5 million; working or has labored for no now not as a lot as three years in the financial sector; holds a overall certificate in securities dealing, accepted by CMA; holds a legit certificate in the self-discipline of securities enterprise, accepted by an internationally recognized body, or any assorted persons to make certain by CMA.

Saudi Networkers became once founded at the stop of 2001 in Riyadh to operate in the self-discipline of info expertise (IT), offering companies and products to assorted firms.

The corporate gives technical consultancy companies and products in communications, IT, human assets, mission administration, gross sales and conversation facilities.

Firm Profile 

Firm 

Saudi Networkers Products and companies Co. 

Market  

Nomu  

Field of Industry 

IT 

Capital 

SAR 60 mln  

IPO Summary

Downside percentage

25%

Need of Shares Equipped

1.5 mln 

Minimal Limit

10 shares

Maximum Limit

294,000 shares

Offering Duration

July 24-28, 2022

Closing Allocation

Aug. 2, 2022

Surplus Refunds

Aug. 4, 2022

Firm’s Main Shareholders

Shareholders

Sooner than IPO

Submit IPO

Need of Shares (mln shares)

Ownership (%)

Need of Shares (mln shares)

Ownership (%)

Abdul Al-Touq

3000

50%

2235

37.25%

Osama Abdelaziz

3000

50%

2235

37.25%

Aldukheil Monetary Community

30

0.50%

Certified Buyers

1500

25%

Total

6000

100%

6000

100%

Special Files

Monetary Handbook

Aldukheil Monetary Community

Lead Supervisor

Derayah Capital

For Extra IPOs