International Investors Holding Company SAMIC), a closed joint stock company headquartered in Dammam, announced the appointment of “Forsa Capital Company” as its financial advisor, in the process of offering its shares in the parallel market “Nomu”. On this occasion, Mr. Essam bin Saad Al-Abdul Karim Al-Muammar, Chairman of the Board of Directors of ٍٍSAMIC, welcomed the appointment of Forsa Capital as a financial advisor for SAMIC IPO process, due to the experience of Forsa Capital and its management providing innovative advice in investment banking solutions. Mr. Anwar Al-Abadi, CEO of SAMIC, explained that the company specializes in qualitative investment management, which includes buying, selling, leasing and managing quality real estate assets, in addition to acquiring private equity stakes in companies with clear growth potential. The Company also aims to expand its investment universe to include investment in financial technology (Fintech) and expand its investment in real estate assets.
On the other hand, Mr. Mazen Matar, CEO of Forsa Capital Company, expressed his appreciation for choosing Forsa Capital as a financial advisor for the offering process. He stated that the International Investors Holding Company has a strong financial position, promising growth potential and an outstanding governance structure, in addition to completing the requirements for offering in the parallel market – Nomu. It is noteworthy that the International Investors Company has been working in this field for nearly 50 years, as it converted into a limited liability company in 2012, then converted into a closed joint stock company in 2016. The current capital of the company is 100 million SAR. Its assets market value exceeds 150 million SAR. Forsa Capital Company is a leading investment banking company that specializes in providing innovative services in arranging and advising in the securities business in Saudi Arabia. Forsa Capital operates in Saudi Arabia under a license from the Capital Market Authority No.: (21233-30) and located in Riyadh. The agreement was signed by: Mr. Essam bin Saad Al-Abdulkarim Al-Muammar, Chairman of the Board of Directors of SAMIC, and Mr. Mazen Matar, CEO and Head of Arrangement at Forsa Capital. The signing ceremony was attended by Mr. Muhammad bin Saad Al-Abdulkarim Al-Muammar, Vice President, Mr. Anwar Al-Abadi, CEO, and Mr. Abdulaziz Saad Al-Abdul-Karim Al-Muammar a member of the Board of Directors of SAMIC. In addition to Mr. Abdul-Rahman Al-Shahrani, the Head of Advisory Department and a member of the Board of Directors of Forsa Capital.