Ibrahim Abdullah Al Muammar, Vice Chairman of Al Muammar Information Systems, said that the Kingdom’s spending on information technology will reach 48 billion riyals by 2021 that the process of offering The company's IPO is the culmination of its history and a strong push for further expansion and success in its future plans.

He pointed out that the company had appointed Saudi Fransi Capital, a financial advisor, underwriting manager and underwriter, in preparation for listing the company’s shares in the Saudi financial market, traded at this point in the history of The company in which it is preparing to enter a new stage of growth through which it seeks to add new branches and services and expand its current activities to meet the growing demand for the IT sectors that are the locomotive of development and development in the modern era. He pointed out that Al-Muammar Information Systems Company has gone through several stages of development that enabled it to acquire a large share of the communications and information technology market in the Kingdom that has the largest economy among countries The Gulf Cooperation Council, with a GDP of 2.575 billion Saudi riyals in 2017, expected to spend on information technology in the Kingdom to 48 billion Saudi riyals by 2021, with a compound annual growth rate of 4.6% at the spending rate of 40.1 One billion Saudi riyals in 2017.

It is worth noting that the Capital Market Authority had previously approved the request of Al-Muammar to offer four million and eight hundred thousand (4,800,000) ordinary shares, representing 30% of the total shares of the company. The capital of which is one hundred and sixty million (160,000,000) Saudi riyals.