IT consulting firm Saudi Networkers to list on Nomu on Aug. 17

Mon, 2022-08-15 16:53

RIYADH: Saudi Networkers Services Co., a Riyadh-based technical consulting services provider, will list its shares on the Kingdom’s parallel Nomu market on Aug. 17, according to a bourse filing.

The initial public offering price was earlier set at SR71 ($19) per share, yielding strong demand from qualified investors with the IPO being 223 percent oversubscribed.

Led by Aldukheil Financial Group, the offering of 1.5 million shares, or a 25 percent stake, was limited to qualified investors.

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