Al-Muammar Information Systems Company began its IPO as the first IPO in 2019

On Sunday, March 17, 2019, Saudi nationals will subscribe to approximately 480,000 shares of Al Muammar Information Systems for 45 SAR, which was determined by setting the order record as the first of its kind in the systems business. Kingdom information.

Khalid Al Muammar, president of Al Ma & amp; amer Information Systems, said: "We seek to strengthen our national expertise in the areas of professional services, installation, maintenance, advanced programming and new technologies to further contribute to the current stage, aims to achieve the goals of the National Transition Program 2020 and the vision of the Kingdom 2030, which places Saudi companies on the list of the most innovative companies in the Middle East and allows them to take the lead in the digital transformation of the Kingdom, T.

On December 31, 2018, the Saudi Capital Market Authority (CMA) approved Al Muammar Information Systems' request for 4.8 million shares for public subscription and 10% of the total number of shares offered to individuals. .

Al Muammar Information Systems is the first public subscription on the Saudi market in 2019 and, last year, only two subscriptions, the National Society of Education and Lagam Sports Corporation, were registered in August and October .

The subscription period is expected to last 5 days and begin on Sunday, March 17, 2019 and end on Thursday, March 21, 2019.

The IPO has recently been finalized and covers 110% of the total supply.

Company Information

Al Muammar Information Systems is a provider of integrated ICT solutions and services offering a full range of ICT solutions and services, including consulting, development, technical consulting, procurement, implementation, project management and software, support and maintenance, including including network and information systems, information center systems. Information security, cybersecurity and systems management services, solutions, software and geographic survey systems.

The company's activities rely on its basic system of import and export, wholesale and retail of computers and electronic devices, wholesale and retail of wireless devices and maintenance, electrical and electronic works, telecommunications technology and procurement of telecommunication networks and electronic installations, maintenance and operation of electrical installations and maintenance of telephone networks Construction and installation of machinery and equipment, import, marketing and installation of telecommunication and computer equipment, and implementation of contracts for installation and operation Meh detection and geographical information and remote communications and business training and associated technical support.

The company was established in 1979 under the name of Mohammed Al-Moammar & Co. and was converted into a stock company in 2008 under the name "Al-Muammar Information Systems", headquartered in Riyadh, Saudi Arabia Arabia.

The company offers several products through 6 modules: the Technology Solutions Unit, the Systems Unit, the Network Unit, the Information Security Systems Unit, the Electronic Services Unit and the Operations and Maintenance Unit. .

Here is the most important information about the company:

Ibrahim Abdullah Al-Muammar and Khalid Abdullah Al-Muammar are the main owners of the company, together accounting for 46.3%.

*None of them owns 5% or more separately.

The following is detailed information on the last IPO in the Saudi Arabian market over the last four years, which has been covered by a large percentage of individuals, As shown in the following table: