Your journey to tomorrow begins from
Naqawa Information Technology Company
Initial Public Offering

Purity in Brief

Purity Tech was founded in 2016 to be among the leading companies providing technology solutions in the Kingdom of Saudi Arabia. The company specializes in innovative IT services, digital transformation, and advanced cybersecurity solutions. Purity Tech has been committed to meeting the growing demand for reliable and advanced technology offerings of the highest quality, quickly emerging as a trusted partner for companies seeking to enhance their digital capabilities and operational efficiency.

Purity Tech Vision

To be a leading provider of innovative technology services, committed to integrity, efficiency, and continuous improvement, leveraging advanced technology to meet customer needs.

Purity Tech Mission

To deliver cost-effective, high-quality digital transformation solutions, focusing on innovation, customer satisfaction, and strategic partnerships.

Purity Tech Strategy

The Company adopts a comprehensive strategy through which it offers integrated and advanced technological solutions in several areas, including software development, cloud services, administrative services, data management, and end-user devices. This strategy is based on integrating these sectors within an interconnected framework that enables the provision of comprehensive services, supported by the latest systems and technologies. The Company aims to respond dynamically to market demands, focusing on sustainability and innovation, thereby strengthening its position as a leading strategic partner in the technology sector, committed to delivering the highest levels of quality and excellence to its customers across various sectors.

Purity Tech Leadership

Purity Tech Vision

To be a leading provider of innovative technology services, committed to integrity, efficiency, and continuous improvement, leveraging advanced technology to meet customer needs.

Purity Tech Mission

To deliver cost-effective, high-quality digital transformation solutions, focusing on innovation, customer satisfaction, and strategic partnerships.

Purity Tech Strategy

The Company adopts a comprehensive strategy through which it offers integrated and advanced technological solutions in several areas, including software development, cloud services, administrative services, data management, and end-user devices. This strategy is based on integrating these sectors within an interconnected framework that enables the provision of comprehensive services, supported by the latest systems and technologies. The Company aims to respond dynamically to market demands, focusing on sustainability and innovation, thereby strengthening its position as a leading strategic partner in the technology sector, committed to delivering the highest levels of quality and excellence to its customers across various sectors.

Purity Tech Leadership

Board Members

Company Capital Development

10k SAR
Establishment 2016
200k SAR
2021
2m SAR
2022
10m SAR
2022
12m SAR
2023
15m SAR
2024 (after the
completion of the IPO)
CEO

Mr.Faisal Al Abdulsalam

Chairman

“The approach taken by Purity Tech, which focuses on providing deep industry expertise to its customers, has enabled it to create customized solutions that drive business growth and support sustainable development.
With a diverse service portfolio that includes cloud computing, software development, and IT infrastructure management, Purity Tech empowers organizations to navigate the complexities of the digital age.
With its upcoming initial public offering (IPO), the company aims to expand its market presence, invest in research and development, and explore new ways for growth in a thriving modern future.”

Purity by Figures

The financial year of Purity Tech ends on June 30 each year.
12m SAR
Company capital for the year ended June 30, 2023
63m SAR
Revenue for the year ended June 30, 2023
46% compared to the previous year
Revenue growth
11m SAR
Gross profit for the year ended June 30, 2023
5.4m SAR
Net income for the year ended June 30, 2023
155.8% compared to the previous year
Net income growth
8.70%
Net profit margin for the year ended June 30, 2023
+40m SAR
Total assets for the year ended June 30, 2023
34.73%
Return on equity for the year ended June 30, 2023
IPO Information

Expected IPO Timeline

A total of 3,000,000 ordinary shares with a nominal value of SAR 1 per share will be offered for public subscription in the parallel market (Nomu). with the price of 6.0-8.0 Riyals per share. The shares offered represent a 25% increase in the Company's capital and constitute 20% of the Company's capital after the subscription

Offering Period

16

October 2024

The subscription begins on Wednesday, 13/04/1446H (corresponding to 16/10/2024G) and continues for five (5) working days until the end of Tuesday, 19/04/1446H (corresponding to 22/10/2024G)

Last date for submitting subscription applications

22

October 2024

End of Tuesday, 19/04/1446H (corresponding to 22/10/2024G)

Last date for paying the subscription amount as per subscription applications

22

October 2024

End of Tuesday, 19/04/1446H (corresponding to 22/10/2024G)

Announcement of final allocation of offering shares and notification to investors

27

October 2024

Sunday, 24/04/1446H (corresponding to 27/10/2024G)

Refund of excess (if any)

29

October 2024

Tuesday, 26/04/1446H (corresponding to 29/10/2024G)

Expected date to start trading shares

Trading of the Company's shares on the parallel market is expected to begin after fulfilling all requirements and completing all related regulatory procedures. The commencement of trading will be announced on the Saudi Exchange website (www.saudiexchange.sa)

FAQ

Purity Tech provides technological and digital solutions in the Kingdom of Saudi Arabia, specializing in innovative IT services, digital transformation, and advanced cybersecurity solutions.

Purity Tech Company aims to enhance company growth and focus on future expansion and development, positively impacting its market position and value.

The offering is limited, according to the requirements of the Rules on the Offer of Securities and Continuing Obligations, to qualified investor categories as defined in the glossary of the Capital Market Authority’s regulations and its rules. In Chapter Eight of the Rules on the Offer of Securities and Continuing Obligations, it means any of the following: 1. Capital market institutions acting on their own account. 2. Clients of a licensed capital market institution, provided that the institution has been appointed under terms that allow it to make decisions regarding participation in the offering and investing in the parallel market on behalf of the client without needing prior approval. 3. The Government of the Kingdom, any governmental authority, or any international body recognized by the Authority, or the market, and any other capital market recognized by the Authority, or Securities Depository Center Company (Edaa). 4. Government-owned companies, either directly or through a portfolio managed by a licensed capital market institution. 5. Companies and funds established in the Gulf Cooperation Council (GCC) countries. 6. Investment funds. 7. Any other legal entities eligible to open an investment account in the Kingdom and an account with Edaa. 8. Natural persons eligible to open an investment account in the Kingdom and an account with Edaa, provided they meet any of the following criteria: a) Have executed transactions in the securities markets totaling at least SAR 40 million, with no less than ten transactions per quarter over the past twelve months. b) Have net assets of no less than SAR 5 million c) Have worked or have previous experience of at least three years in the capital sector. d) Hold the General Securities Certification approved by the Authority "CME-1". e) Hold a specialized professional certificate in securities-related fields recognized by an internationally accredited entity. 9. Any other individuals specified by the Authority.

The minimum subscription is 100 shares, and the maximum is 749,900 shares per qualified investor.

Shareholders are entitled to their share of the profits according to the decision of the General Assembly issued in this regard, which specifies the entitlement date and the distribution date. Profit entitlement is for shareholders registered in the shareholders’ registries at the end of the specified entitlement date. The offered shares are entitled to any profits declared by the Company starting from the date of the offering and for the subsequent financial years.

Yes, substantial shareholders owning 5% or more of the Company’s shares will be subject to a lock-up period of twelve (12) months from the start date of trading in the parallel market.

The price range will be determined based on the order book building process and demand assessment from qualified investors in coordination between the Company and the Lead Manager.

The Company intends to use 100% of the net proceeds from the offering to fund its expansion plan without any financing through debt.

The Company’s shares are expected to start trading in the market shortly after the completion of the allocation process.

Yaqeen Capital

Financial Advisor and Lead Manager

Receiving Entities

alrajhi albilad Riyad snb capital sab derayah
bsf alisthmar yaqeen aljazira alkhabeer alinma