‎KnowledgeNet starts book-building process, qualified investors’ subscription at SAR 35-40 a share

‎KnowledgeNet starts book-building process, qualified investors’ subscription at SAR 35-40 a share

KnowledgeNet Co. started today, Feb. 26, the book-building process and the qualified investors’ subscription to list 700,000 shares, or 20% of capital, on Nomu-Parallel Market at a price range of SAR 35-40 a share.

The book-building process for qualified investors will run from Feb. 26 until March 2.

The Capital Market Authority (CMA) approved, in December 2022, the company’s application on the planned IPO.

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. Its operations cater for over 45 clients in the financial sector across the Kingdom, UAE, Oman and Egypt.

For More IPOs