Company Profile

Company overview

The company''s activities according to the articles of association are as follows the supply installation implementation and operation of telecommunication towers and wired and wireless networks the supply of fiber optic cables to connect networks the operation and connection of low and high voltage substations and main electricity stations smart and safe city projects signal reinforcement solutions in buildings and the supply of mobile phone cards SIMCARDS and cards Machine to Machine and implementation of Fiber To The Home FTTH projects and also the implementation of projects, optical fiber extensions between cities and linking them to the governmental and private sectors as well as designing communications electricity and water networks in addition to implementing major maintenance and operation projects

Company History

KEIR International was initially established as a limited liability company at the end of 2007 and started its business on 2008 as Keir for Communications and Information Technology Ltd the name was changed to Keir International Company in 2014 with commercial registration number 1010237357issued in Riyadh The company was established with a capital of five hundred thousand 500000Saudi riyals divided into five hundred 500 shares with the value of each share being a thousand 1000 Saudi riyals In 2017 the decision of the partners in Keir International Ltd was issued to amend the value of the share from a thousand 100 Saudi riyals to ten 10 Saudi riyals and to amend the number of shares from five hundred 500 shares to fifty thousand to 50000 shares and the partners decision was issued in 2017 on converting the legal entity of the company and its branches from a limited liability company to a closed joint stock with the value of each share at 10 ten Saudi riyals and increase the capital from five hundred thousand Saudi riyals 500000 to fifty million 50000000 Saudi riyals divided into five million 5000000nominal shares of equal nominal value each of which is ten 10 Saudi riyals all of which are ordinary shares A ministerial decision was issued approving the license to transform the company in 2017 and in 2019 the extraordinary general assembly agreed to increase the capital from fifty million50000000 Saudi riyals to one hundred million to 100000000 Saudi riyals divided into ten million 10000000 ordinary shares Paid in full the value of each share is ten 10 Saudi riyals and all the company''s shares are ordinary shares of one class In 2021 the company''s extraordinary general assembly agreed to increase the capital by 20% and paid in cash equivalent to two 2 million shares so that the company''s capital became one hundred and twenty million 120000000 Saudi riyals divided into twelve million 12000000 nominal shares of equal value The value of each of them is ten 10 Saudi riyals and all of them are fully paid up cash ordinary shares The company''s current capital is one hundred and twenty million 120000000 Saudi riyals divided into twelve million 12000000 nominal shares of equal value with the value of each share at ten 10 Saudi riyals and all of them are fully paid ordinary cash shares

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.