Logo of Saudi Azm for Communication and Information Technology Co. (Saudi Azm)
Shares of Saudi Azm for Communication and Information Technology Co. (Saudi Azm) will debut on Nomu Parallel Market today, March 1, with the symbol 9534 and ISIN Code: SA15H134KV18.
On Dec. 29, 2021, the Capital Market Authority (CMA) approved Saudi Azm’s application to list its shares on Nomu Parallel Market, Argaam earlier reported.
The company announced on Jan. 26, the registration document for the direct listing of its shares on Nomu, setting the price guidance per share at SAR 70.
This is the fourth direct listing on Nomu Parallel Market in 2022, after the listing of Saudi Parts Center and Obeikan Glass in February and AME Medical Supplies in January.
Company Profile
Saudi Azm was established in Riyadh as a limited liability company in 2017, and its current capital stands at SAR 30 million.
Saudi Azm provides management advisory services, repair and maintenance of personal computers and laptops, and sale of communication and telecommunication devices and equipment.
The company's main activities include information and telecommunications; support and administrative services; vocational, technical and academic activities; system analysis; software design and programming; software maintenance; website design; and hosting infrastructure services, data processing services and related activities.
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Company Profile |
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Company |
Saudi Azm for Communication and Information Technology |
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Market |
Nomu Parallel Market |
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Core activities |
Information, communications, and computer maintenance |
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Status |
Active |
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Capital |
SAR 30 mln |
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Direct Listing Highlights |
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Number of shares |
3 mln |
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Nominal value |
SAR 10/share |
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Price guidance |
SAR 70 |
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Method of setting share opening price |
The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
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Qualified investors |
- Qualified investors categories
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Saudi Azm Shareholders |
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Shareholders |
Before the direct listing |
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Number of shares (‘000) |
Ownership (%) |
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Majid S. Al Osaimi |
630.00 |
21.00% |
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Ali Mohammed Rashid Al-Balla |
629.24 |
20.97% |
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Anova Investment |
300.00 |
10.00% |
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Azm Holding Co. |
147.00 |
4.90 % |
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Nouf Khaled Al-Jerewi |
146.67 |
4.89% |
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Al-Fawzan Holding Co. |
105.00 |
3.50% |
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Maali Holding Co. |
45.00 |
1.50% |
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Ain Development for Investment Co. |
4.13 |
0.14% |
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Public (65 shares) and 5 other shareholders |
992.96 |
33.10% |
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Total |
3000.00 |
100% |
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