Ejada Systems to reapply for Tadawul listing: Report

The company will submit updated financial disclosures when it reapplies to the CMA, the sources said.

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The CMA approved on December 23, 2024, Ejada Systems' request to float 20.25 million shares, representing 45% of its capital, provided that the company completes the offering and listing of its shares within a period of a six months. The CMA stipulated that its approval was valid for six months and would be cancelled if the offering and listing were not finalized within this period.

Ejada Systems Company is a Saudi closed joint-stock firm that specializes in IT services. Al Rajhi Bank is the largest shareholder, holding 86% of the company. Bank AlJazira owns 10%, while Walaa Alghad Fund holds 4%, according to Argaams data.