in the area of
and IT

  • 21 Years of Heritage

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.

  • Announcement Detail

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.


Abdulmohsen Ibrahim AlTouq


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.

Osama Mohammed Alsabeg

Managing Director

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.

  1. The Company has a network of managers and engineers who have experiences that exceed twenty years of successful performance in the Kingdom of Saudi Arabia. The Company has implemented many projects with various customer sectors over the years.
  2. The Company focuses on sustainability by providing high criteria for corporate governance, policies, procedures, code of conduct and ethics. The senior management also presents successful plans to preserve the environment and manage risks on sound basis. It also develops the annual internal audit plan that is reviewed by the board of directors.
  3. The Company adheres to a high degree of compliance with the requirements and regulations in accordance with the relevant laws and regulations.
  4. Availability of a technical staff qualified to provide the technical advice in the fields of information technology, to name but a few: information networks, information security, servers, information saving, storage and retrieval systems - applications and databases.
  5. The ability to meet the needs and aspirations of many customer sectors, via more than 2,000 employees working for the Company.
  1. ISO9001 certificate specialized in the quality management system.
  2. ISO14001 certificate specialized in the environmental management and protection system.
  3. ISO14001 certificate specialized in the environmental management and protection system.
  4. ISO22301 certificate specialized in business continuity systems.

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.

  • Direct services. The Company receives the client's requirements for a project and assesses the needs based on the expertise and knowledge of the Company's management team. Thereafter, the Company agrees with the client on the planned talents for the project.
  • Managed services.The Company provides qualified IT consultants to a specific ongoing project that a client has by managing and executing the project directly with the client's resources.
  • The Company has a diversified portfolio and serves all sectors such as telecommunication, banking, information technology, utilities, health care, semi-government & government entities, insurance, and various other industries across the Kingdom.
  • SNS's revenues are largely dependent on three major sectors of clients: 1) Telecommunications Sector 2) Banking Sector 3) Information Technology (IT) Sector. The Company's revenues from these sectors are concentrated in the revenues resulting from the provision of managed human resources services, where the telecommunications sector constituted 51.82%, the banking sector 27.13%, and the IT sector 13.67% of the Company's total revenues of last year.

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:

  • Customized Solutions.
  • Knowledgeable Sales Team.
  • Specialized Delivery Team.
  • 70+ Back Office Team.
  • Financial Capability.
  • State of the Art IT Infrastructure.
  • Ability to adapt to market changes.

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)

+ K



SQM total built-up area of projects (completed, ongoing, and upcoming)


in revenue FY202

(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:

  1. Has conducted transactions in security markets of not less than 40 million Saudi riyals in total, and not less than ten transactions in each quarter during the last twelve months.
  2. His net assets are not less than 5 million Saudi Riyals.
  3. Works or has worked for at least three years in the financial sector.
  4. Holds the General Securities Qualification Certificate which is recognized by the Authority.
  5. Holds a professional certificate that is related to securities business and accredited by an internationally recognized entity.

(11) Any other persons prescribed by the Authority.

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.