Saudi parallel market-listed WSM for Information Technology is set to debut debt instruments under a program worth up to SAR 500 million ($133 million).

The approval is valid for six months and will expire if the first tranche is not issued within that timeframe.

WSM stocks are trading down 15.46% YTD.

(Writing by Ahmad Mousa; editing by Seban Scaria)

Ahmad.mousa@lseg.com