KEIR listing supports expansion

KEIR International said that the Capital Market Authority’s (CMA) approval to register its shares for a direct listing on the Nomu – Parallel Market (Nomu) is a pivotal step to continue its development as a telecommunications and energy firm that participates in building facilities and infrastructure for both the governmental and private sectors.

The listing will back the process of expansion and diversification, expecting to attract and support investors and partners.

KEIR Founder and Chairman Mohammed Al Dhalaan said that listing the company’s shares on the Saudi Exchange will allow it to utilize successful investment opportunities and attract a larger base of shareholders. The move will also enhance the firm’s governance, strength and continuity.

KEIR International is currently working on investing in optical fiber services, CEO ENG Waseem Al Marzoki stated.

He pointed out that wired and wireless information, voice communications, cybersecurity, smart meter services, alternative energy, and manufacturing are among KEIR’s most important objectives.

According to data compiled by Argaam, the CMA approved, on May 25, the application of KEIR International to register its shares for a direct listing on Nomu.

KEIR International is a Saudi joint stock firm with a capital of SAR 120 million, working in the fields of telecommunications, information technology and power.