Naseej Tech starts trading on Nomu today

Company Profile

Company

Naseej for Communication and Information Technology Co.

Market

Nomu-Parallel Market

Core Activities

Computer programming, computer consultancy and facilities management activities

Status

Active

Capital

SAR 50 mln

Direct Listing Profile

Number of shares

5 mln

Share par value

SAR 10

Share price guidance upon listing

SAR 70

Method of setting share opening price

The opening price of the stock shall be set based on the supply and demand for the stock, through the pre-opening auction mechanism. During that period, investors can place buy/sell orders, after which the trading system defines the fair price at which orders are executed after being matched during the auction period. The execution price will be the opening price, with a 30% daily fluctuation ratio.

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, to whom the lock-up period shall apply).

- Qualified investors categories

Company Shareholders

Shareholders

Before the direct listing

Number of shares (‘000)

Ownership (%)

Abdul Jabbar Abdulrahman Mohammed Al Abdul Jabbar

2,024.0

40.48%

Mohammed bin Abdullah bin Adwan

1,012.0

20.24%

Abdullah Awad Ayed Al-Tarifi

352.0

7.04 %

Abdullah bin Abdulaziz bin Adwan

151.0

3.02%

Abdulrahman Al Abdul Jabbar

8.0

0.16%

Abdulaziz Saleh Abdullah Alrabdi

8.0

0.16%

Latifa Ayad Alshammari

7.5

0.15%

Suad Abdulaziz Al-Ohali

6.0

0.12%

Nawaf bin Mohammed bin Adwan

6.0

0.12%

Al-Jawhara bint Abdulaziz bin Muammar

3.0

0.06%

Public (62 shareholders)

1,422.5

28.45%

Total

5,000.0

100.00 %