Riyadh – Mubasher: Saudi Fransi Capital on Thursday said that the Saudi Stock Exchange (Tadawul) will host the initial public offering (IPO) of Al Moammar Information Systems Company next month.
Marking Tadawul’s first listing in 2019, Al Moammar’s IPO will take place from 17 until 21 March, according to Saudi Fransi Capital’s statement.
Al Moammar Information’s capital amounts to SAR 160 million distributed over 16 million shares at a par value of SAR 10 per share.
The firm will offer 4.8 million shares, representing 30% of its capital.
The number of shares which are available for individual investors is 480,000, while the remaining 799,999 shares will be allocated for institutional investors.
From January to June 2018, the firm’s revenues reached SAR 395.5 million, while its net income amounted to SAR 13.5 million.
Al Moammar Information last October raised its capital to SAR 160 million, from SAR 50 million.
Saudi Fransi Capital will lead manage Al Moammar’s IPO .
