Company Profile

Company overview

The activities of the company according to Commercial Registration No.1010160878 issued in the city of Riyadh on 23/5/1421 AH corresponding to 24/8/2000 are as follows: Activity: -Wholesale of computers and their accessories, including sale of printers and their inks. -Software wholesale includes import. -systems analysis. -Design and programming of own software. - Information and Communication - Wholesale and retail trade and repair of motor vehicles and motorcycles. The company carries out its activities in accordance with the applicable regulations and after obtaining the necessary licenses from the competent authorities, if any. The company has obtained all the statutory licenses necessary for the current activities, all of which are valid until the date of this Prospectus. And for more information about the licenses that the company carries out its activities Accordingly, please see section 3Licenses and Approvals in this Prospectus. The company''s current actual activity is represented in two main axes The first axis: products Knowledge Network develops and sells its own business-centric products directly. The company has three main programs. The first is the Trade net software package which contains several components in the field of automating the financial services sector. The second is the Data ability software package that is specialized in cleaning and transferring data automatically for most sectors, but with a greater focus in the banking sector. The third is the Soft more program, which is a unique platform for building programs and is used in building company programs in addition to other companies'' programs. The second axis: strategic projects: The strategic projects in which the company entered are of two types. The first type: projects providing technical consulting or highly experienced and specialized consultants to clients. The second type: is partnership projects with the private sector or the public sector, and it is by participation in the capital. It is agreed between the two parties on a percentage of participation in the capital of the invested company

Company History

KnowldegeNet computer company was established as a limited liability company under Commercial Registration No. 1010160878 dated 05/23/1421 corresponding to 08/23/2000 issued in Riyadh, with a capital of five hundred thousand SAR divided into five hundred shares of equal value paid in full, the value of each of which is one thousand 1,000 SAR. Converting the legal entity of the company from a limited liability company to a closed Saudi joint stock company with its rights, obligations, employment, classifications, licenses and all its financial, technical, and administrative elements. No. 634 issued by the Ministry of Commerce on 03/18/1443 corresponding to 24/10/2021 KnowldegeNet computer company was established as a limited liability company under Commercial Registration No. 1010160878 dated 05/23/1421 corresponding to 08/24/2000 issued in Riyadh, with a capital of five hundred thousand SAR divided into five hundred shares of equal value paid in full, the value of each of which is one thousand 1,000 SAR. According to obligations, employment, classifications, licenses and all its financial, technical, and administrative elements. No. 634 issued by the Ministry of Commerce on 03/18/1443 corresponding to 24/10/2021, it is approved to Converting the legal entity of the company from a limited liability company to a closed Saudi joint stock company with its rights, The companys Capital after the conversion is thirty-five million SAR, divided into three million five hundred thousand 3,500,000 ordinary shares, paid in full, with a nominal value of ten 10 SAR per share, and these shares are owned for Seventy two 72 shareholders according to the shareholder register attested by the company and the Ministry of Commerce.

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.