RIYADH: Naseej for Communication and Information Technology Co.’s shares were up 30 percent on their stock market debut on Tuesday.
The stock price closed at SR91 ($24) per share as it started trading on Saudi Arabia’s parallel Nomu market.
The Riyadh-based company joined the Kingdom’s stock exchange as a direct listing.
Founded in 1989, Naseej is mainly specialized in computer programming, artificial intelligence, virtual reality, and information technology-related activities.
