Logo of KEIR International
KEIR International Co. announced today, June 9, the registration document for listing its shares on Nomu-Parallel Market.
The company set the price guidance for trading its shares at SAR 34 per share.
On May 25, the Capital Market Authority (CMA) approved the company’s application to list its shares on Nomu, Argaam earlier reported.
KEIR International was established in 2007 as KEIR for Telecommunication and Information Technology, a limited liability company, in Riyadh. In 2014, the firm rebranded to KEIR International, with its capital currently standing at SAR 120 million.
KEIR operates in the design, engineering, construction, operation and maintenance of communications networks. It also designs, builds and maintains electricity networks. KEIR prepares designs for the construction of smart and safe cities, and provides the related services, such towers, cameras, fiber-optic cables, and other electricity works.
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Company Profile |
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Company |
KEIR International |
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Market |
Nomu-Parallel Market |
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Core Activities |
Executing and maintaining telecommunication networks |
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Status |
Active |
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Capital |
SAR 120 mln |
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Direct Listing Highlights |
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Number of Shares |
12 mln |
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Share Par Value |
SAR 10 |
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Share Price Guidance |
SAR 34 |
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Method of Setting Opening Price |
The opening price shall be set based on the stock’s supply and demand, 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. |
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Qualified Investors |
- Current shareholders (except for owners of 5% or more, to whom the lock-up period shall apply).
- Qualified investors categories. |
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KEIR International Shareholders |
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Shareholders |
Before Direct Listing |
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Number of Shares (mln) |
Ownership (%) |
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Erad Holding LTD |
4.92 |
40.96% |
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Mohammed Ali Aldhalaan |
0.99 |
8.26% |
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Shareholders owning less than a 5% stake (69 shareholders) |
6.09 |
50.77% |
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Total |
12.00 |
100.00% |
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Additional Information |
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Financial Advisor |
Alistithmar Capital |
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