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Friday, April 26, 2024 23:31 GMT
Naseej for Communication and Information Technology Co.’s shares were up 30% on their stock market debut on Tuesday. The stock price closed at SR91 (US$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.