WSM Information Technology issues prospectus to sell 390,000 shares on Nomu

Logo of WSM for Information Technology Co.

WSM for Information Technology Co. issued today, Dec. 24, its prospectus to float 390,000 shares, or 20% of capital on Nomu-Parallel Market.

The offer period will run from Jan. 25 to Feb. 1, 2024.

The share sale will be limited to qualified investors stipulated in the glossary of defined terms used in the regulations and rules of the Capital Market Authority.

Established in 2014, WSM Information Technology Co. is currently operating in providing integrated digital solutions and services which are specifically tailored for a number of fields through various business models.

The company obtained on Sept. 25 the Capital Market Authority’s approval to float 390,000 shares on Nomu-Parallel Market.

 * Alanoud Mohammad Saif Al-Qahtani owns another 14.90% stake indirectly.

**After the IPO process, the direct ownership of shareholder Alanoud Mohammed Saif Al-Qahtani and shareholder WSM Al-Walaa Business Services will decrease to less than 5% and they will not be classified as major shareholders.