Saudi Azm to debut on Nomu today

Company Profile

Company

Saudi Azm for Communication and Information Technology

Market

Nomu Parallel Market

Core activities

Information, communications, and computer maintenance

Status

Active

Capital

SAR 30 mln

Direct Listing Highlights

Number of shares

3 mln

Nominal value

SAR 10/share

Price guidance

SAR 70

Method of setting share opening price

The opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%.

The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.

Qualified investors

- Current shareholders (except for owners of 5% or more for whom the lock-up period applies).

- Qualified investors categories

Saudi Azm Shareholders

Shareholders

Before the direct listing

Number of shares (‘000)

Ownership (%)

Majid S. Al Osaimi

630.00

21.00%

Ali Mohammed Rashid Al-Balla

629.24

20.97%

Anova Investment

300.00

10.00%

Azm Holding Co.

147.00

4.90 %

Nouf Khaled Al-Jerewi

146.67

4.89%

Al-Fawzan Holding Co.

105.00

3.50%

Maali Holding Co.

45.00

1.50%

Ain Development for Investment Co.

4.13

0.14%

Public (65 shares) and 5 other shareholders

992.96

33.10%

Total

3000.00

100%