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The Capital Market Authority's (CMA) board of directors approved today, June 30, the registration request received from Sure International Technology Co. for direct listing on Nomu-Parallel Market.
Trading these shares will be confined to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the CMA, the market regulator added, noting that the registration document will be published within sufficient time prior to listing.
CMA's approval of the application is valid for six months starting from today. The approval will be deemed cancelled if the listing of the company's shares is not completed within this period.
Sure International Technology was established in 2004. It operates in providing businesses with technological services. Recently, the company entered two new fields, namely financial technology (Fintech) via its new subsidiary, SurePay, and investment in startups in promising areas.
The company noted that among its customers are the Saudi ministries of defense, finance and commerce, as well as Saudi Aramco and the Council of Minister's Bureau of Experts, etc.
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