The Saudi Fransi Capital Company, Financial Adviser, Underwriting Manager, Director of Order Building Record and Coverage Undertaker to issue (30%) of Al-Muammar Information Systems Capital for public subscription, then stated: Its inclusion in the main market (Tassi) The Saudi Fransi Capital, in a statement, obtained a copy from Namazin, that the shares offered for subscription, which amount to four million and eight hundred thousand (4,800,000) ordinary shares of Al-Muammar Information Systems shares (4,800,000) ordinary shares will be allocated to the category of entities involved in the process of building the order record according to the instructions for building the order record and allocating shares in the initial subscriptions issued by the Capital Market Authority.

And if there is sufficient demand by individual subscribers, the number of offering shares allocated to participating entities will be reduced to four million and three hundred and twenty thousand (4,320,000) shares Ordinary to represent ninety percent (90%) of the total offering shares, and individual subscribers will be allocated a maximum of four hundred and eighty thousand (480,000) ordinary shares, which represents ten percent (10%) of the total offering shares.

It is mentioned that, Al-Muammar Information Systems Company in 1979 is a provider of comprehensive integrated solutions and services in the field of information and communication technology. Where it provides consulting and development services, technical consulting, supply, implementation, project management and technical programs, support and maintenance. The company operates through six business units, which are electronic services, solutions, systems, information security, networks, and maintenance and operation. It also provides a portfolio of various technical services to a wide range of government, semi-government, and private sector clients.

Expectations of 48 billion IT expenditures in Saudi Arabia