Logo of WSM for Information Technology Co.
WSM for Information Technology Co. will start today, Feb. 21, trading on the Nomu-Parallel Market under the symbol 9595 and ISIN code SA160GOKLTH1 at SAR 49 a share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.
Earlier, the company floated 390,000 shares on Nomu, representing 20% of the capital, at SAR 49, with 404.77% coverage.
This is the second IPO on Nomu this year, after Pan Gulf Marketing Co.’s share offering on Feb. 18.
Nomu saw 35 IPOs last year, including six direct listings, 29 offerings to qualified investors, and a real estate investment fund.
With WSM, the number of companies listed on Nomu reached 80, in addition to Alwaha REIT Fund.
Company Profile
Established in 2014 as a closed joint stock company in Riyadh, WSM provides integrated digital solutions and services tailored for a number of fields through various business models.
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Company Profile |
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|
Company |
WSM Information Technology Co. |
|
Market |
Nomu-Parallel Market |
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Core Activities |
Information technology |
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Capital |
SAR 19.5 mln |
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Company Shareholders** |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of shares (‘000) |
Ownership (%) |
Number of shares (‘000) |
Ownership (%) |
|
|
Alanoud Mohammed Saif Al-Qahtani* |
408.92 |
20.97% |
96.92 |
4.97% |
|
Estidama Business Investment Co. |
292.50 |
15.00% |
292.50 |
15.00% |
|
WSM Al-Walaa Business Services Co. |
97.50 |
5.00% |
58.50 |
3.00% |
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Other Shareholders |
1151.08 |
59.03% |
1112.08 |
57.03% |
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Public |
-- |
-- |
390.00 |
20.00% |
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Total |
1950.00 |
100% |
1950.00 |
100% |
*Alanoud Mohammad Saif Al-Qahtani indirectly owns another 14.90% stake.
**Post-IPO, the direct ownership of shareholders Al-Qahtani and WSM Al-Walaa Business Services will decrease to less than 5%. Therefore, they will no longer be major shareholders.
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