Logo of Alqemam for Computer Systems Co.
Alqemam for Computer Systems Co. issued today, Dec. 29, the registration document for the direct listing of its shares on Nomu Parallel Market.
The company obtained on Dec. 28 the Capital Market Authority’s (CMA) approval to the listing.
The company’s capital currently stands at SAR 30 million, divided into 3 million shares. Alqemam for Computer Systems set its price guidance at SAR 80 per share.
The company's activities, as per its commercial registration, are represented in research and development in the field of engineering and technology, organizing and managing exhibitions and conferences, installing central computers, publishing ready-made programs, operating systems, providing wired Internet services, providing mobile communications services, providing wireless Internet services, and others.
Alqemam's actual activity is developing and managing applications and programs and providing technical infrastructure services in the Kingdom of Saudi Arabia.
Trading the company's shares will be limited to qualified investors as defined in the glossary used in CMA's regulations and rules.
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Company Profile |
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Company |
Alqemam for Computer Systems Co. |
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Market |
Nomu - Parallel Market |
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Core Activities |
Developing and managing applications and programs and providing technical infrastructure services |
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Status |
Active |
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Capital |
SAR 30 mln |
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Direct Listing Profile |
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Number of shares |
3 mln shares |
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Share par value |
SAR 10/share |
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Share price guidance upon listing |
SAR 80/share |
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Method of setting share opening price |
The opening price of the stock shall be set based on the supply and demand for the stock, 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. |
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Qualified investors |
- qualified foreign investors - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply). |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
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Number of shares (‘000) |
Ownership (%) |
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Wasel Abdullah Abdulaziz Al-Wasel |
2100.00 |
70.00% |
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Adel Fouad Rizk |
67.50 |
2.25% |
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Fawaz Abdul-Rahman Mutlaq Al-Aql |
30.00 |
1.00% |
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Afnan Ahmed Ali Al-Jalali |
15.00 |
0.50% |
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Mona Abdullah Ibrahim Al-Turki |
15.00 |
0.50% |
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Abdullah Yahia Khaled Al-Saleem |
2.50 |
0.08% |
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Turki Ibrahim Abdullah Al-Turki |
2.50 |
0.08% |
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Essam Hamad Saad Al-Hudaibi |
2.50 |
0.08% |
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Public (60 shareholders) |
765.00 |
25.50% |
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Total |
3000.00 |
100% |
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Additional Information |
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Financial Advisor |
Aldukheil Financial Group |
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