Logo ofEjada Systems Co.
The Capital Market Authority (CMA) approved Ejada Systems Co.‘s request for the public offering.
The company will offer 20.25 million shares, representing 45% of its total shares.
The offering will be confined to qualified investors, and the prospectus will be published within the stipulated period prior to the offering, the market regulator said in a statement today, Dec. 23.
The CMA’s approval is valid for six months and will be cancelled if the offering and listing are not finalized within this period.
Ejada Systems Company is a Saudi closed joint-stock firm specializing in IT services, Al Rajhi Bank is the largest shareholder, holding 86% of the company. Bank Aljazira owns 10%, while Walaa Alghad Fund holds 4%, according to Argaam‘s data.
Logo ofEjada Systems Co.
The Capital Market Authority (CMA) approved Ejada Systems Co.‘s request for the public offering.
The company will offer 20.25 million shares, representing 45% of its total shares.
The offering will be confined to qualified investors, and the prospectus will be published within the stipulated period prior to the offering, the market regulator said in a statement today, Dec. 23.
The CMA’s approval is valid for six months and will be cancelled if the offering and listing are not finalized within this period.
Ejada Systems Company is a Saudi closed joint-stock firm specializing in IT services, Al Rajhi Bank is the largest shareholder, holding 86% of the company. Bank Aljazira owns 10%, while Walaa Alghad Fund holds 4%, according to Argaam‘s data.
