KEIR International announces registration document to list on Nomu; sets price guidance at SAR 34/share

Company Profile

Company

KEIR International

Market

Nomu-Parallel Market

Core Activities

Executing and maintaining telecommunication networks

Status

Active

Capital

SAR 120 mln

Direct Listing Highlights

Number of Shares

12 mln

Share Par Value

SAR 10

Share Price Guidance

SAR 34

Method of Setting Opening Price

The opening price shall be set based on the stock’s supply and demand, 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

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

- Qualified investors categories.

KEIR International Shareholders

Shareholders

Before Direct Listing

Number of Shares (mln)

Ownership (%)

Erad Holding LTD

4.92

40.96%

Mohammed Ali Aldhalaan

0.99

8.26%

Shareholders owning less than a 5% stake (69 shareholders)

6.09

50.77%

Total

12.00

100.00%

Additional Information

Financial Advisor

Alistithmar Capital