KnowledgeNet issues prospectus to float 700,000 shares on Nomu

Logo of KnowledgeNet Co.

KnowledgeNet Co. issued today, Jan. 24, the prospectus to list 700,000 shares, or 20% of capital, on Nomu-Parallel Market.

The Capital Market Authority (CMA) approved, in December 2022, the company’s application to register and list its shares on Nomu.

The offering period will start from Feb. 26 to March 2.

KnowledgeNet was established in 2000 as a limited liability company with a capital of SAR 500,000. In 2021, the firm converted into a closed joint stock company, with its current capital at SAR 35 million.

The company is engaged in the wholesale of computers and their accessories (including the sale of printers and inks), software, as well as computer-integrated systems design.

Company Profile
Company	KnowledgeNet Co.
Market	Nomu-Parallel Market
Core Activities	Wholesale of computers and accessories
Capital	SAR 35 mln
Total Shares	3.5 mln

IPO Summary
Issue Percentage	20%
Offered shares	700,000
Minimum limit	10 shares
Maximum limit	174,999 shares
Subscription period	From Feb. 26 to Mar. 2, 2023
Final Allocation	March 7, 2023
Refund (if any)	March 9, 2023

Company Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Sarah Tawfiq Labboudi*	566.64	16.19%	453.33	12.95%
KN Teams Co.	454.95	13.00%	363.96	10.40%
Mohammad Ibrahim Mansour	374.73	10.71%	299.78	8.57%
Abdul Mohsen Abdul Rahman Mohammad Al-Mousa	180.00	5.14%	144.00	4.11%
Abdul Rahman Yahya Abdullah Al Yahya	125.23	3.58%	100.18	2.86%
Hessa Mohammed Al-Mansour	110.00	3.14%	88.00	2.51%
Khalid Abdul Rahman Mohammed Al-Mousa	50.00	1.43%	40.00	1.14%
Raad Abdulaziz Mohammed Al-Abdul Qader	47.46	1.36%	37.97	1.08%
Knowledge Network Business Services Co.	40.70	1.16%	32.56	0.93%
Fahd Suleiman Al-Eidi	2.68	0.08%	2.14	0.06%
Dana Fahd Al-Eidi	1.00	0.03%	0.80	0.02%
Dana Fahd Al-Eidi	1.00	0.03%	0.80	0.02%
Shareholders owning less than 5% stake (60 shareholders)	1545.61	44.16%	1236.47	35.33%
Qualified investors	--	--	700.00	20.0%
Total	3500	100%	3500	100%

*Sarah Tawfiq Labboudi owns KN Teams and thus has direct ownership in Knowledge Net Co.

Additional Information
Lead Manager	Osool & Bakheet Capital
Financial Advisor	Amwal Capital

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