Logo of WSM Information Technology Co.
WSM Information Technology Co. issued today, Dec. 24, its prospectus to float 390,000 shares, or 20% of capital on Nomu-Parallel Market.
The offer period will run from Jan. 25 to Feb. 1, 2024.
The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.
Established in 2014, WSM Information Technology Co. is currently operating in providing integrated digital solutions and services which are specifically tailored for a number of fields through various business models.
The company obtained on Sept. 25 the Capital Market Authority’s approval to float 390,000 shares on Nomu-Parallel Market.
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Company Profile
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Company
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WSM Information Technology Co.
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Market
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Nomu Parallel Market
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Core Activities
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IT
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Capital
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SAR 19.5 mln
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IPO Summary
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Issue Percentage
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20%
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Offered shares
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390,000 shares
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IPO Minimum Limit
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10 shares
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IPO Maximum Limit
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97490 shares
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Offer period
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From Jan. 25 to Feb. 1, 2024.
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Final Allocation
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Feb. 6, 2024
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Refund (if any)
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Feb. 8, 2024
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Company Shareholders**
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Shareholders
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Before IPO
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Post-IPO
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Number of shares
(‘000 shares)
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Ownership (%)
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Number of shares
(‘000 shares)
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Ownership (%)
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Alanoud Mohammed Saif Al-Qahtani*
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408.92
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20.97%
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96.92
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4.97%
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Business Sustainability Investment Co.
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292.50
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15.00%
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292.50
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15.00%
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WSM Al-Walaa Business Services Co.
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97.50
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5.00%
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58.50
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3.00%
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Other Shareholders
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1151.08
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59.03%
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1112.08
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57.03%
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Public
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—
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—
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390.00
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20.00%
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1950.00
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100%
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1950.00
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100%
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* Alanoud Mohammad Saif Al-Qahtani owns another 14.90% stake indirectly.
**After the IPO process, the direct ownership of shareholder Alanoud Mohammed Saif Al-Qahtani and shareholder WSM Al-Walaa Business Services will decrease to less than 5% and they will not be classified as major shareholders.
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Additional Information
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Financial Advisor and Lead Manager
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KASB Capital
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Receiving Banks
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Derayah Capital
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