Foodics seeks to become first Fintech company to list on Tadawul: GM
Logo of Foodics Saudi
Foodics, the Saudi-primarily based completely provider of cloud-primarily based completely POS and restaurant management systems, is planning an IPO on the Saudi Alternate (Tadawul), Long-established Supervisor Kamal Marghlani talked about.
The IPO could be the predominant Fintech to list on the native stock market, he told Bloomberg Asharq TV.
The company’s portion of the cloud choices market in Saudi Arabia exceeds 25%, Marghlani talked about, revealing the open of three new e-charge products this year, namely hide hide scanning, by task of the capsule for eating areas, and by QR codes.
Marghlani disclosed that the corporate intends to lengthen previous the sizzling four international locations: Saudi Arabia, the UAE, Kuwait and Egypt.