KEIR International debuts on Nomu today

KEIR International Co.'s Nomu debut ceremony

The Saudi Exchange (Tadawul) announced that KEIR International Co. will start trading on Nomu - Parallel Market today, July 17, with the symbol 9542 and ISIN Code SA15J0H4L312.

The company’s shares will trade with a daily price fluctuation of +/- 30% and +/- 10% static price fluctuation limits.

On May 25, the Capital Market Authority (CMA) approved the company’s application to register its shares for a direct listing on Nomu.

On June 9, the firm announced the registration document for listing its shares on Nomu and set the price guidance at SAR 34 per share.

This is the 18th listing on Nomu this year, including eight direct listings and 10 listings through offering shares to qualified investors.

Company Info

KEIR was established in 2007 as KEIR for Telecommunication and Information Technology, a limited liability company, in Riyadh. In 2014, the firm rebranded to KEIR International, with its capital currently standing at SAR 120 million.

KEIR operates in the design, engineering, construction, operation and maintenance of communications networks. It also designs, builds and maintains electricity networks. The firm prepares designs for the construction of smart and safe cities, and provides related services, such as towers, cameras, fiber-optic cables, and other electrical works.

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