Saudi Arabia's Capital Market Authority has approved WSM for Information Technology Co's application to register and publicly offer debt instruments under a program with a total value of up to SAR 500 million. The approval was issued through a board resolution dated 13 April 2026 and covers the registration and public offering of debt instruments within that program. A prospectus is to be published sufficiently in advance of the subscription period and will include the issuer's financial statements, information on its activities and management, and details of the issuance program. The authority stated that its approval does not amount to a recommendation to subscribe and only confirms that the legal requirements under the Capital Market Law and its Implementing Regulations have been met. The approval remains valid for six months from the board resolution date and will be cancelled if the offering and listing of the first intended tranche under the program are not completed within that period.
Saudi Arabia Capital Markets Authority 2026-04-28
Saudi Arabia Capital Market Authority approves WSM for Information Technology Co debt instruments program public offering of up to SAR 500 million
The Saudi Arabia Capital Markets Authority has approved WSM for Information Technology Co’s application to register and publicly offer debt instruments under a program with a total value of up to SAR 500 million. The authority noted that its approval only confirms compliance with the Capital Market Law and Implementing Regulations and does not constitute a recommendation to subscribe, and that a prospectus will be published in advance of the subscription period.