The Company clarified that the potential direct listing will be subject to obtaining regulatory approvals from the Saudi Capital Market Authority (“CMA”) and the Saudi Stock Exchange (“Tadawul”).
Ways Marketing Solutions was established in 2016 and the Company's business is focused on marketing solutions and includes the creative and digital field that serves both public sector and private sector.
Mr. Abdullah bin Abdulaziz Al Qassim, Chairman of the Board of Directors, expressed his contentment with signing the agreement with AlKhair Capital given the importance that this process represents in the Company’s journey in achieving its ambitions for further growth, expansion and increasing the volume of the business.
Mr. Abdullah also expressed his pride and appreciation with the Company being able to reach this step which came as a result of solid planning and hard work and is expected to serve the Company's main objective in terms of developing the local marketing sector and exporting our culture globally, in addition to localizing the sector by supporting the employment of the national workforce to achieve the Kingdom's Vision 2030 towards a prosperous economy, a vibrant community and an ambitious nation.
The Acting CEO of AlKhair Capital, Mr. Abdullah bin Abdulrahman Al Shilash, expressed his gratitude at signing this agreement with Ways Marketing Solutions, and assured that the Company’s activity related to marketing solutions and digital creativity will be considered among the new sectors on Nomu which will give investors opportunities to diversify their investments.
AlKhair Capital is a financial services company established in 2008 in Riyadh and licensed by the Capital Market Authority under license number 08120-37, with a paid-up capital of one billion Saudi riyals, to engage in dealing and custody, asset management, operating funds, arranging and advising business in line with Islamic Sharia.