RIYADH: Saudi Networkers Services Co., a Riyadh-based technical consulting services provider, will list its shares on the Kingdom’s parallel Nomu market on Aug. 17, according to a bourse filing. The initial public offering price was earlier set at SR71 ($19) per share, yielding strong demand from qualified investors with the IPO being 223 percent oversubscribed. Led by Aldukheil Financial Group, the offering of 1.5 million shares, or a 25 percent stake, was limited to qualified investors. Ahead of its IPO, Saudi Networkers posted a 28 percent drop in profit, from SR39.1 million to SR28.3 million, for the year 2021, due to a rise in the cost of revenue.