Saudi-based WSM for Information Technology is gearing up for a major fundraising move, unveiling plans to launch a sukuk programme worth up to SAR 500 million ($133.3 million).
The initiative, still awaiting regulatory clearance, is designed to strengthen the company’s financial muscle, covering day-to-day operations while fueling its broader expansion strategy.
To steer the process, WSM’s board has lined up Impact Financial Company as its financial advisor for the issuance.
With the sukuk market increasingly attracting firms seeking flexible, Sharia-compliant financing, WSM’s entry signals its determination to scale operations and sharpen its presence in Saudi Arabia’s rapidly evolving tech sector.
