Sun Jul 17, 2022 10:30:29

Saudi Exchange Celebrates the Listing of Keir International Company on Nomu – Parallel Market

Riyadh, 17 July 2022: Today, the Saudi Exchange celebrated the listing of Keir International, a fiber optics, wireless communication, and electricity company, on the Saudi Exchange’s Nomu – Parallel Market. The ceremony was attended by Mr. Mohammed Al Rumaih, CEO of Saudi Exchange and Mr. Mohammed Al Dhalaan, Founder & Chairman of Keir International Company.

Speaking on the occasion, Mohammed Al Rumaih, CEO of Saudi Exchange said, “The Saudi Exchange is pleased to welcome another successful listing to the Nomu – Parallel market, continuing the strong pipeline of listings activity in the Kingdom. The addition of Keir International Company grants investors an even bigger pool of investment options to choose from to grow their portfolio. The continuous stream of listings reinforces our position as one of the leading stock exchanges regionally and globally, and we are very excited to see this strong performance continue as we move into the second half of 2022. We would like to congratulate the company’s management and look forward to seeing their new journey as a listed company.”

“Keir aims to implement the directives of the Kingdom’s Vision 2030 by bolstering the growth and execution of technology in the Kingdom. The listing marks a crucial point in our company’s growth as we seek to expand our activities locally and regionally. We would like to thank the Capital Market Authority and Saudi Exchange for their support, and we look forward to our next phase of growth,” Said Mohammed Al Dhalaan, Chairman of Keir International Company.

Nomu – Parallel Market is an alternative platform for companies seeking to expand and go public. Nomu aims to provide an opportunity for small and medium-sized companies to diversify their sources of funding and develop their businesses and activities by offering lighter listing requirements in terms of market capitalization, number of shares offered and minimum number of shareholders. Nomu is open only to qualified investors.

Keir International Company is a Saudi-based company implementing fiber-optic projects across governmental and private sectors, and primarily works to provide smart city solutions and support safe cities projects in the Kingdom. It also carries out the electrical services project for Riyadh metro.