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‎Alqemam for Computer Systems issues registration document for direct listing on Nomu

‎Alqemam for Computer Systems issues registration document for direct listing on Nomu thumbnail

Alqemam for Computer Systems issues registration document for direct listing on Nomu

Logo of Alqemam for Computer Systems Co.


Alqemam for Computer Systems Co. issued today, Dec. 29, the registration document for the direct listing of its shares on Nomu Parallel Market.

The company obtained on Dec. 28 the Capital Market Authority’s (CMA) approval to the listing.

The company’s capital currently stands at SAR 30 million, divided into 3 million shares. Alqemam for Computer Systems set its price guidance at SAR 80 per share.

The company’s activities, as per its commercial registration, are represented in research and development in the field of engineering and technology, organizing and managing exhibitions and conferences, installing central computers, publishing ready-made programs, operating systems, providing wired Internet services, providing mobile communications services, providing wireless Internet services, and others.

Alqemam’s actual activity is developing and managing applications and programs and providing technical infrastructure services in the Kingdom of Saudi Arabia.

Trading the company’s shares will be limited to qualified investors as defined in the glossary used in CMA’s regulations and rules.

Company Profile

Company

Alqemam for Computer Systems Co.

Market

Nomu – Parallel Market

Core Activities

Developing and managing applications and programs and providing technical infrastructure services

Status

Active

Capital

SAR 30 mln

Direct Listing Profile

Number of shares

3 mln shares

Share par value

SAR 10/share

Share price guidance upon listing

SAR 80/share

Method of setting share opening price

The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.

The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified investors

– qualified foreign investors


 

– Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).

Company Shareholders

Shareholders

Before Direct Listing

Number of shares (‘000)

Ownership (%)

Wasel Abdullah Abdulaziz Al-Wasel

2100.00

70.00%

Adel Fouad Rizk

67.50

2.25%

Fawaz Abdul-Rahman Mutlaq Al-Aql

30.00

1.00%

Afnan Ahmed Ali Al-Jalali

15.00

0.50%

Mona Abdullah Ibrahim Al-Turki

15.00

0.50%

Abdullah Yahia Khaled Al-Saleem

2.50

0.08%

Turki Ibrahim Abdullah Al-Turki

2.50

0.08%

Essam Hamad Saad Al-Hudaibi

2.50

0.08%

Public (60 shareholders)

765.00

25.50%

Total

3000.00

100%

* A total of16,250 shares will be deducted from the shares of major shareholder, Wasel Al-Wasel, which are fees and charges payable to the financial advisor Aldukheil Financial Group. The ownership of these shares will be transferred to the group after the end of the lock-up period imposed on major shareholder, Wasel Al-Wasel

Additional Information

Financial Advisor

Aldukheil Financial Group

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