KEIR International to enter new sectors, move to Tadawul: CEO

KEIR International Co. CEO Wassem Al Marzoki

KEIR International Co. is planning to expand into new sectors, including technology, Internet-of-Things (IoT), and information security, said CEO Waseem Al Marzoki.

He told Argaam that his company witnessed steady growth and is set to move to higher levels through the direct listing on Nomu-Parallel Market, which will help the company expand and obtain new capital.

Al Marzoki also noted that the company's business volume reached about SAR 170 million in 2021, aspiring to achieve higher volumes.

The Ministry of Interior, Saudi Electricity Co. and Dawiyat Telecom Co. are among KEIR International's major clients, the executive explained, adding that the company is currently working on offering maintenance services by reinforcing networks, lowering power failures, and controlling and monitoring of some secure and non-secure areas.

The CEO also unveiled a plan to transfer the company's listing to the Tadawul main market in the future.

KEIR International debuted on Nomu yesterday, July 17, with SAR 120 million capital, according to Argaam's data.