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Listing and trading of “Ready” shares on the “Nomu” market. Next Wednesday

Saudi “Tadawul” announced the listing and the start of trading of the shares of the Jaheed International Company for Information Systems Technology at Nomu – Parallel Market, starting next Wednesday.

And Tadawul Saudi Arabia said today, Monday, that the “ready” will be listed with the Tadawul code 9526 and the international code SA15ED94KR18 and that the daily price fluctuation limits will be 30%. in his in down, with the application of fixed limits for the price fluctuation at 10% up and down.

HSBC Saudi Arabia, in as head of price stabilization for Jahez’s IPO, he had announced the possibility of carrying out a process of stabilization of the price of the shares subject to the offer in compliance with the regulation instructions of the price stability mechanism for initial offers.

It should be noted that the process of building the order book for the segment of qualified (non-private) investors in the shares of Jahez International Company has been covered for Information Systems Technology with a percentage equal to 38.8 times the total number of shares offered.

The number of shares offered that will initially be allotted to qualified non-private investors has reached 1,888 million shares, equal to 100% of the total shares offered, provided that the final allotment takes place after the end of the investor subscription period qualified individuals.

Given that, the underwriting phase of qualified individual investors in the offer of Jahez International Company for Information Systems Technology began on Thursday, December 23, 2021, through Sunday, December 26, 2021.

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