Saudi Azm to debut on Nomu today

Logo of Saudi Azm for Communication and Information Technology Co. (Saudi Azm)

Shares of Saudi Azm for Communication and Information Technology Co. (Saudi Azm) will debut on Nomu Parallel Market today, March 1, with the symbol 9534 and ISIN Code: SA15H134KV18.

On Dec. 29, 2021, the Capital Market Authority (CMA) approved Saudi Azm’s application to list its shares on Nomu Parallel Market, Argaam earlier reported.

The company announced on Jan. 26, the registration document for the direct listing of its shares on Nomu, setting the price guidance per share at SAR 70.

This is the fourth direct listing on Nomu Parallel Market in 2022, after the listing of Saudi Parts Center and Obeikan Glass in February and AME Medical Supplies in January.

Company Profile

Saudi Azm was established in Riyadh as a limited liability company in 2017, and its current capital stands at SAR 30 million.

Saudi Azm provides management advisory services, repair and maintenance of personal computers and laptops, and sale of communication and telecommunication devices and equipment.

The company's main activities include information and telecommunications; support and administrative services; vocational, technical and academic activities; system analysis; software design and programming; software maintenance; website design; and hosting infrastructure services, data processing services and related activities.

Company Profile
Company	Saudi Azm for Communication and Information Technology
Market	Nomu Parallel Market
Core activities	Information, communications, and computer maintenance
Status	Active
Capital	SAR 30 mln

Direct Listing Highlights
Number of shares	3 mln
Nominal value	SAR 10/share
Price guidance	SAR 70
Method of setting share opening price	The opening price is set based on demand and supply, by means of the opening auction mechanism. During such a period, investors can enter buy/sell orders, and thus the trading system finds the fair price with which orders are executed after being matched during the auction period. The execution price will be the opening price with an allowed daily fluctuation ratio of +/-30%. The price guidance is considered a reference only for the fair market value, which is the debut price for the first day only.
Qualified investors	- Current shareholders (except for owners of 5% or more for whom the lock-up period applies). - Qualified investors categories

Saudi Azm Shareholders
Shareholders	Before the direct listing
Shareholders	Number of shares (‘000)	Ownership (%)
Majid S. Al Osaimi	630.00	21.00%
Ali Mohammed Rashid Al-Balla	629.24	20.97%
Anova Investment	300.00	10.00%
Azm Holding Co.	147.00	4.90 %
Nouf Khaled Al-Jerewi	146.67	4.89%
Al-Fawzan Holding Co.	105.00	3.50%
Maali Holding Co.	45.00	1.50%
Ain Development for Investment Co.	4.13	0.14%
Public (65 shares) and 5 other shareholders	992.96	33.10%
Total	3000.00	100%

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