Sure announces Nomu listing document, sets price guidance at SAR 70/share

Sure Global Technology Co. announced the registration document for direct listing on Nomu-Parallel Market.

The company set the price guidance for trading its shares on Nomu at SAR 70 each.

In order to meet the liquidity requirements of to-be-listed shares, Sure International Technology had agreed with shareholders to allocate 1.284 million shares, representing 25.04% of its capital, and authorized Yaqeen Capital to offer and sell them in the market to natural or legal persons.

The Capital Market Authority (CMA) approved, on June 30, the registration request received from the company for direct listing on Nomu-Parallel Market.

Company Profile

Established in 2006, Sure International Technology's activities are represented in the wholesale and retail sale of computers and related accessories, including printers and their inks, systems analysis, design and programming of special software and the provision of senior management consultancy services.

The company's currently provides technical and administrative consultancy, human resources, project management, computer services, application systems, rules and information, website and internet development, analysis, development and installation of systems, provision of integrated solutions for information systems and technology, securing and protecting networks, trading computers and their supplies, maintenance and spare parts.

Company Profile
Company	Sure Global Technology Co.
Market	Nomu-Parallel Market
Core activities	Technical and administrative consultancy, human resources, project management and computer services
Status	Active
Capital	SAR 51.30 mln

Direct Listing Profile
Number of shares	5.13 mln
Share par value	SAR 10/share
Share price guidance upon listing	SAR 70/share
Method of setting share opening price	The opening price of the stock shall be set based on bid and offer prices, 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	- Qualified investors categories - Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).

Company Shareholders
Shareholders	Before Direct Listing		After Direct Listing and Applying Liquidity Plan
Shareholders	Number of shares (‘000)	Ownership%	Number of shares (‘000)	Ownership%
Arabic Knowledge Trading Co.	4107	80.06%	3209.65	62.57%
Al Riyadh Al-Waed Investment Co.	643	12.53%	255.97	4.99%
Shareholders owning less than 5% stake (103 shareholders)	379.75	7.40%	379.75	7.40%
Qualified investors	--	--	1284.38	25.04%
Total	5129.75	100%	5129.75	100%

Additional Information
Financial Advisor	Yaqeen Capital

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