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Knowledge Net Company Closed JSC (Saudi Arabia)

Main Activities: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
Full name: Knowledge Net Company Closed JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The company s activity is represented in the wholesale sale of computers and their accessories, including the sale of printers and their inks, and the wholesale sale of software, including import, systems analysis, design and programming of special software, software maintenance and website page design.
The company s launch of KnowledgeNet sprang from an impassioned conviction that the key to business growth in the region lay in providing world standard, tailored, technologically advanced software platforms made to withstand the highest level of demand that would support local organizations in operating with optimal efficiency in a competitive and rapidly evolving global environment. By developing these tailored solutions, we can serve Fintech, in addition to other sectors wanting reliable, unrivaled quality, meticulously customized, critical software solutions with quick implementations to the dynamic nature of the projects we participate in. Staying on top of the game, with advanced capabilities and a skilled professional team, KnowledgeNet has earned its place with impeccable performance as a leading name in the competitive Middle East market.
The company s commitment to software solutions that ensure the continuity of critical processes has contributed towards our reputation for dependability. Each customer's needs are analyzed to deliver a fully customized product that has been designed and tested to give an end-user experience that meets the highest global industry standards and emphasizes each customer business identity.
The company carefully select its physical locations in order to cover the region s largest markets while being in close proximity to individual customers and new prospects. Our heartbeat and key location are Riyadh, where its head office is, with a strategic location in Dubai, from where the rest of the Gulf countries are centrally served, and now Cairo, the upcoming potential hub for FSI automation.
Just over twenty years ago (Founded 1999), KnowledgeNet was born out of the frustration of two bankers who had become tired of the bureaucratic obstacles of working in a large organization. Banks at that time had yet to embrace technology beyond efficiency-seeking initiatives. This quest soon resulted in landing the first customer for the company and the momentum picked up with expansions in the UAE, Qatar, Kuwait, Oman, Lebanon and Egypt.
The company has been incorporated and registered on 23 August 2000 under registration no. 1010160878.
In 2020, KnowledgeNet shareholders decided to offer the company for the public listing in order to fuel the company s largest expansion plan.
On 28 Oct. 2021 , It was approved to convert the legal entity of the company from a limited liability company to a closed Saudi joint stock company.

Headquarters
El-Madar Tower, Office No. 1.3-1.4, El-Olia District, Riyadh
Al Dawadmy, Riyadh;

Contact Details: Purchase the Knowledge Net Company Closed JSC report to view the information.

Website: http://www.kn-it.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2000
Key Executives
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Chairperson
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Vice Chairperson
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Chief Executive Officer
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Chief Financial Officer
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Outside Director
Ownership Details
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12.95%
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10.4%
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8.57%
Subsidiaries
Central Fe Holding Company Limited (United Arab Emirates)
Information Technology Graduat Company
Knowledge Network For Business Services
Company Performance
Financial values in the chart are available after Knowledge Net Company Closed JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net sales revenue
-17.17%
Total operating revenue
-18.62%
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
N/A
Total assets
5%
Total equity
-15.11%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
-3.27%
Cash Ratio
-3.25%

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