Frontrunners
in the area of
telecommunication
and IT
For 21 years, SNS has been honing its expertise in technology based business change. Drawing on experience in the toughest of environments to identify the right solutions, SNS has a track record of success that spans the telecommunications, banking, IT, utilities, government entities and other sectors.
The Company provides its customers with the highest quality standards, which complement its superior services and solutions in providing technical and technological consulting in the fields of telecommunications and information technology. By responding to the evolving market trends in achieving customer satisfaction, and by using the best in class technologies to build its capabilities along with utilizing the Company s experiences and strategic alliances with its customers, suppliers, employees, and shareholders, SNS is able to ensure sound business continuity and professional development. Saudi Networkers Services Company's finance facilites are 100% Shariah Compliant.
Saudi Networkers Services Company (SNS) announces the intention of the Company to offer 25% of its shares through an initial public offering (IPO) on Nomu-Parallel Market. The subscription period will begin on Sunday 24/07/2022 and end on Thursday 28/07/2022.
Over the past year, we have mapped out our IPO strategy and improved our corporate governance and market transparency. Our intention is to showcase our ambition; We are busy acting as a steward to our current businesses and are continuously scanning the horizon for new investment opportunities. Our impending IPO is a significant milestone for the Company, which we are using as a platform for our future success. I describe the reasons for this historical change and our commitment to preserving value from our expanded range of businesses to extend our governance-centric approach for the upcoming events. We entered with solid momentum in 2001 in the ICT sector and made substantial progress in strengthening our financial performance. Our aim is to push limits and to set the scene for a thriving networking sector in Saudi Arabia. The main drivers that surfaced were a belief in our national commitment toward many institutions and sectors in Saudi Arabia and a passion for aligning with a rapidly evolving market transformation inspired by the esteemed leadership of Saudi Arabia and the Country’s Vision 2030.
Since our inception, we have put tremendous efforts into consistently meeting the ethical standards that we have put in place, as well as the Company's financial objectives. Today, I am delighted to see that Saudi Networkers Services has excelled in providing services to its clients in the Telecommunication, Information Technology, Cyber Security, Banking, along with various other sectors with over 2000 qualified employees. We look forward to strengthening our relationships with existing clients and forming new and exciting partnerships in the future.
Saudi Networkers Services has taken several initiatives to align with the Kingdom’s Vision 2030, which aims to build a thriving and sustainable economy under the esteemed leadership of Saudi Arabia. We are committed to successfully providing our customers with the solutions and technologies they need to navigate highly dynamic environments at an incredibly rapid pace.
Saudi Networkers Services is one of the Kingdom's most prominent ICT Business Services providers. Our success arises from building solid relationships and trusted partners, which enables us to deliver exceptional services to the public and private sector, along with some of the world's leading organizations in Telecommunication, Information Technology, Cyber Security, Banking, Energy, Utilities, and various other industries.
SNS provides clients and partners with customized, tailor-made solutions.The Company offers technical and technological consulting services in telecommunications, information technology, and human resources for construction projects, sales, and call centers.
Saudi Networkers Services believes in working together, growing together, and rethinking the possibilities together. The strengths that make us among the leaders in the market are:
Throughout the year, our CEO and executive leadership team provide detailed business and strategy updates to the board. These reviews discuss various topics such as business strategy, initiatives, capital allocation, portfolio updates, the competitive landscape, and regulatory developments.
total projects executed
total units executed & under construction
Value of total projects (completed, ongoing, and upcoming)
employees
SQM total built-up area of projects (completed, ongoing, and upcoming)
in revenue FY2020
(CAGR 67% 2018-2020)
in net profit FY2020
(CAGR 500% 2018-2020)
The shares will be listed on the parallel Market of the Saudi Stock Exchange (Nomu).
Qualified Investors are:
(1) Capital Market Institutions acting for their own account.
(2) Clients of a Capital Market Institution by the Authority to conduct managing activities provided that this Capital Market Institution has been appointed as an investment manager on terms which enable it to make decisions concerning the acceptance of an offer and investment in the Parallel Market on the client’s behalf without obtaining prior approval from the client.
(3) The Government of the Kingdom, any government body, any supranational authority recognized by the Authority or the Exchange, and any other stock exchange recognized by the Authority or the Securities Depository Center.
(4) Government-owned companies, either directly or through a portfolio managed by a Capital Market Institution authorized to carry out managing activities.
(5) Companies and funds established in a member state of the Cooperation Council for the Arab States of the Gulf.
(6) Investment Funds.
(7) Non-resident foreigners permitted to invest in the parallel market and who meet the requirements stipulated in the Guidance Note for the investment of Non-Resident Foreigners in the Parallel Market.
(8) Qualified foreign financial institutions.
(9) Any other legal persons allowed to open an investment account in the Kingdom and an account at the Depositary Center.
(10) Natural persons allowed to open an investment account in the Kingdom and an account at the Depositary Center, and fulfil any of the following criteria:
The Offering’s final price was announced on Wednesday, 20th of July 2022. For more information, please refer to Offer Price Announcement in the Downloadable section.
Except for the Selling Shareholders and the Financial Advisor there will be no implementation of a lock-up period or restrictions on the sale of shares following the listing.
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