Logo of Sure Global Tech Co.
Sure Global Tech Co. will start trading on Nomu-Parallel Market today, Oct. 24, with the symbol 9550 and ISIN Code SA15L134L718.
Shares will trade at a daily price fluctuation of +/- 30% and +/- 10% static price fluctuation limits.
On June 30, the Capital Market Authority (CMA) approved the registration request received from Sure Global Tech Co. for direct listing on Nomu.
On Sept. 25, the company announced the registration document for direct listing on the parallel market and set the price guidance for its shares at SAR 70 each.
The listing is the 27th on Nomu in 2022, including 12 direct listings and 15 offerings to qualified investors.
The listing is also the market’s first in terms of liquidity requirements.
Company Profile
Established in 2006, Sure Global Tech is involved in the wholesale and retail of computers and related accessories, including printers and inks, systems analysis, design and programming of special software and the provision of senior management consultancy services.
The company 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.
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Company Profile |
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Company |
Sure Global Technology Co. |
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Market |
Nomu-Parallel Market |
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Core activities |
Technical and administrative consultancy, human resources, project management and computer services |
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Status |
Active |
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Capital |
SAR 51.30 mln |
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Company Shareholders |
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Shareholders |
Before Direct Listing |
After Direct Listing and Applying Liquidity Plan |
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Number of shares (‘000) |
Ownership% |
Number of shares (‘000) |
Ownership% |
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Arabic Knowledge Trading Co. |
4107 |
80.06% |
3209.65 |
62.57% |
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Al Riyadh Al-Waed Investment Co. |
643 |
12.53% |
255.97 |
4.99% |
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Shareholders owning less than 5% stake (103 shareholders) |
379.75 |
7.40% |
379.75 |
7.40% |
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Qualified investors |
-- |
-- |
1284.38 |
25.04% |
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Total |
5129.75 |
100% |
5129.75 |
100% |
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Additional Information |
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Financial Advisor |
Yaqeen Capital |
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