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KnowledgeNet issues prospectus to float 700,000 shares on Nomu
Logo of KnowledgeNet Co.
KnowledgeNet Co. issued today, Jan. 24, the prospectus to list 700,000 shares, or 20% of capital, on Nomu-Parallel Market.
The Capital Market Authority (CMA) approved, in December 2022, the company’s application to register and list its shares on Nomu.
The offering period will start from Feb. 26 to March 2.
KnowledgeNet was established in 2000 as a limited liability company with a capital of SAR 500,000. In 2021, the firm converted into a closed joint stock company, with its current capital at SAR 35 million.
The company is engaged in the wholesale of computers and their accessories (including the sale of printers and inks), software, as well as computer-integrated systems design.
|
Company Profile |
|
|
Company |
KnowledgeNet Co. |
|
Market |
Nomu-Parallel Market |
|
Core Activities |
Wholesale of computers and accessories |
|
Capital |
SAR 35 mln |
|
Total Shares |
3.5 mln |
|
IPO Summary |
|
|
Issue Percentage |
20% |
|
Offered shares |
700,000 |
|
Minimum limit |
10 shares |
|
Maximum limit |
174,999 shares |
|
Subscription period |
From Feb. 26 to Mar. 2, 2023 |
|
Final Allocation |
March 7, 2023 |
|
Refund (if any) |
March 9, 2023 |
|
Company Shareholders |
||||
|
Shareholders |
Before IPO |
Post-IPO |
||
|
Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
|
|
Sarah Tawfiq Labboudi* |
566.64 |
16.19% |
453.33 |
12.95% |
|
KN Teams Co. |
454.95 |
13.00% |
363.96 |
10.40% |
|
Mohammad Ibrahim Mansour |
374.73 |
10.71% |
299.78 |
8.57% |
|
Abdul Mohsen Abdul Rahman Mohammad Al-Mousa |
180.00 |
5.14% |
144.00 |
4.11% |
|
Abdul Rahman Yahya Abdullah Al Yahya |
125.23 |
3.58% |
100.18 |
2.86% |
|
Hessa Mohammed Al-Mansour |
110.00 |
3.14% |
88.00 |
2.51% |
|
Khalid Abdul Rahman Mohammed Al-Mousa |
50.00 |
1.43% |
40.00 |
1.14% |
|
Raad Abdulaziz Mohammed Al-Abdul Qader |
47.46 |
1.36% |
37.97 |
1.08% |
|
Knowledge Network Business Services Co. |
40.70 |
1.16% |
32.56 |
0.93% |
|
Fahd Suleiman Al-Eidi |
2.68 |
0.08% |
2.14 |
0.06% |
|
Dana Fahd Al-Eidi |
1.00 |
0.03% |
0.80 |
0.02% |
|
Dana Fahd Al-Eidi |
1.00 |
0.03% |
0.80 |
0.02% |
|
Shareholders owning less than 5% stake (60 shareholders) |
1545.61 |
44.16% |
1236.47 |
35.33% |
|
Qualified investors |
-- |
-- |
700.00 |
20.0% |
|
Total |
3500 |
100% |
3500 |
100% |
*Sarah Tawfiq Labboudi owns KN Teams and thus has direct ownership in Knowledge Net Co.
|
Additional Information |
|
|
Lead Manager |
Osool & Bakheet Capital |
|
Financial Advisor |
Amwal Capital |
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