Saudi technology firm KnowledgeNet has announced plans to transfer its listing from Nomu, the parallel market, to the main market of the Saudi Stock Exchange (Tadawul) — a move expected to enhance its visibility among a broader investor base. The company’s board of directors approved the transfer plan and appointed Amwal Financial Company as its advisor to oversee regulatory requirements.
To support its growth ambitions, KnowledgeNet’s board also recommended a 50% capital increase, raising its share capital from SAR 35 million to SAR 52.5 million.
The Riyadh-based company specializes in software development and IT solutions, particularly within the financial services and fintech sectors. Its business also spans the wholesale and retail of computers and other activities within the broader information and communication technology (ICT) industry.
