IT Infrastructure Company Seeking Loan in Dammam, Saudi Arabia
Company involved in supply and installation of IoT devices for clients such as government agencies.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 3.5 million |
| Run Rate Sales | USD 3.84 million |
| EBITDA Margin | 30 % |
| Industries | IT Infrastructure + 1 more |
| Locations | Dammam |
| Local Time | 8:22 AM Asia / Riyadh |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
800 thousand
for
15.0%
annual interest,
1
year
(Native Currency: SAR 3,000,000)
Reason: Funds are required for short-term (3 to 12 months) contracts for supplying goods from China.
Collateral Available: USD 0
Includes physical assets worth
USD
1.6 million
Interested to connect with advisors
Documents
Company Profile
(6.2 MB)
Information Memorandum
(2.3 MB)
Valuation
(402.1 KB)
Purchase Order for a Project
(333.4 KB)
Projects
(12.8 KB)
Detailed Credit Report
(197.0 KB)
Company Registration
(836.6 KB)
5 Years Revenues
(39.1 KB)
Financial statements audited
(2.8 MB)
Business Overview
- Saudi-based IT services company with a division that supplies and installs Internet of Things (IoT) devices.
- More than 50% of our revenue comes from the supply and installation of IoT devices.
- Our clients include government agencies, multinational corporations, and real estate developers.
- Have different agreements with our clients who pay us on a quarterly or annual basis.
- We are working on a project to provide and install IoT devices in approximately 5,000 residential units.
- We are a licensed agent and distributor for Life Smart Company in Saudi Arabia and other countries.
- The company has also partnered with IT companies.
- Have consistently grown with record sales in the last three months.
- We are expected to sign contracts with many government agencies to supply and install IoT devices to save energy.
- The promoter has experience of over 14 years in management and software development.
- More than 50% of our revenue comes from the supply and installation of IoT devices.
- Our clients include government agencies, multinational corporations, and real estate developers.
- Have different agreements with our clients who pay us on a quarterly or annual basis.
- We are working on a project to provide and install IoT devices in approximately 5,000 residential units.
- We are a licensed agent and distributor for Life Smart Company in Saudi Arabia and other countries.
- The company has also partnered with IT companies.
- Have consistently grown with record sales in the last three months.
- We are expected to sign contracts with many government agencies to supply and install IoT devices to save energy.
- The promoter has experience of over 14 years in management and software development.
Products & Services Overview
Internet of things devices for smart homes and offices, IT solutions for management & administration, software licenses, and software development.
Assets Overview
3 cars, computers, servers, and office furniture.
Facilities Overview
4 offices in Dammam (300 sq. m), Riyadh (50 sq. m), Jeddah, and India.We also have 3 warehouses in Dammam (250 sq. m), Jeddah (50sq. m), Riyadh (50 sq. m),
Total rental costs for all offices and warehouses are SAR 200,000/year.
Capitalization Overview
The business has one owner. The business has an outstanding loan of SAR 2M, payable monthly over a period of 3 years. A detailed credit report is attached.
Recent Activity
-
Earlier than 15 daysGM, Contractor, Jeddah, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysMarketing Manager, Chennai, Business Broker connected with the Business
-
Earlier than 15 daysManager, Investment, Luxembourg City, Corporate Investor / Buyer connected with the Business
Tags:
Internet of Things Company Seeking Loan in Dammam, Saudi Arabia
·IT Infrastructure Company Seeking Loan in Dammam, Saudi Arabia
·Home Automation Company Seeking Loan in Dammam, Saudi Arabia
·Lend to Internet of Things Company in Dammam, Saudi Arabia
·Lend to IT Infrastructure Company in Dammam, Saudi Arabia
·Lend to Home Automation Company in Dammam, Saudi Arabia
·IoT Company Seeking Loan in Dammam, Saudi Arabia
·Lend to IoT Company in Dammam, Saudi Arabia
·Internet of Things Company Seeking Loan
·IT Infrastructure Company Seeking Loan
·Home Automation Company Seeking Loan
·Lend to Internet of Things Company
·Lend to IT Infrastructure Company
·Lend to Home Automation Company
·IoT Company Seeking Loan
·Lend to IoT Company
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