Saudi Networkers Services starts trading on Nomu today

Logo of Saudi Networkers Services Co. (SNS)

Saudi Networkers Services Co. (SNS) starts trading on Nomu-Parallel Market today, Aug. 17, under the symbol 9543 and ISIN Code SA15JH3KL3H8, according to the Saudi Exchange (Tadawul).

Daily fluctuation limit is ±30% and static price fluctuation limit is ±10%.

The company floated 1.5 million ordinary shares, representing 25% of its SAR 60 million capital.

The final offer price was set at SAR 71 per share, with coverage ratio of 223%.  Each individual subscriber received a minimum of 10 shares, while the remainder was allocated on a pro-rata basis.

With SNS, the number of Nomu listings in 2022 is up to 21 companies, which include 10 direct listings and 11 offerings for qualified investors.

Company Info:

SNS was founded at the end of 2001 in Riyadh to operate in the field of information technology (IT), offering services to different firms.

The company offers technical consultancy services in communications, IT, human resources, project management, sales and communication centers.

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