‎WSM Information Technology issues prospectus to sell 390,000 shares on Nomu

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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