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.
Company Profile
Company
WSM Information Technology Co.
Market
Nomu Parallel Market
Core Activities
IT
Capital
SAR 19.5 mln
IPO Summary
Issue Percentage
20%
Offered shares
390,000 shares
IPO Minimum Limit
10 shares
IPO Maximum Limit
97490 shares
Offer period
From Jan. 25 to Feb. 1, 2024.
Final Allocation
Feb. 6, 2024
Refund (if any)
Feb. 8, 2024
Company Shareholders**
Shareholders
Before IPO
Post-IPO
Number of shares
(‘000 shares)
Ownership (%)
Number of shares
(‘000 shares)
Ownership (%)
Alanoud Mohammed Saif Al-Qahtani*
408.92
20.97%
96.92
4.97%
Business Sustainability Investment Co.
292.50
15.00%
292.50
15.00%
WSM Al-Walaa Business Services Co.
97.50
5.00%
58.50
3.00%
Other Shareholders
1151.08
59.03%
1112.08
57.03%
Public
—
—
390.00
20.00%
1950.00
100%
1950.00
100%
* 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.
Additional Information
Financial Advisor and Lead Manager
KASB Capital
Receiving Banks
Derayah Capital
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