Saudi Call Trading publishes prospectus to float 15% stake on Nomu

Logo of Saudi Call Trading Co.

Saudi Call Trading Co. published its prospectus to float 675,000 shares, or 15% of capital, on Nomu-Parallel Market.

The offer will run from June 4-11, 2023.

The IPO will be limited, as per the rules on the offer of securities and continuing obligations, to qualified investors.

Headquartered in Al Khobar, Saudi Call is a Saudi closed joint stock company, established as a sole proprietorship in 2004.

The company, as per its commercial register, specializes in the extension of electrical and communications wires, in addition the extension of networks, as well as the installation and extension of computer and communications networks. The firm also resells communications services (distributors), provides mobile virtual network operators (MVNO) and infrastructure wholesale services.

The company's current activities are mainly marketing and installing network Internet services represented in optical wires and Wi-Fi (5G).

On March 29, the Capital Market Authority (CMA) approved Saudi Call's application to float 15% of its share capital on Nomu, according to data available with Argaam.

For More IPOs