“Ready” trading begins today, at 850 riyals per share, in the Saudi market

Today, Wednesday, the listing and trading of the shares of Jahez International Company begins for Information Systems Technology in the Nomu market, the Saudi parallel market, priced at 850 riyals per share.

The company will be listed under the commercial code 9526 and the international code SA15ED94KR18, provided that the daily price fluctuation limits are 30%, in increase e in decrease, with the application of fixed price fluctuation limits of 10% in increase e in decrease.

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 category of qualified (non-private) investors in the shares of Jahez International Company for Information Systems Technology was hedged for 38.8 times of the total shares offered, while the coverage percentage of qualified investors (natural persons) reached 588.90%.

The subscription period for eligible investors (natural persons) started on Thursday 23 December 2021 and ended on Sunday 26 December 2021 by subscribing all the shares assigned to this segment, equal to 272,786 shares, equal to 14.4% of the total offered shares , priced at 850 Saudi riyals per share, according to a statement on the site web Saudi Tadawul.

The total value of requests from qualified investors (natural persons) reached 1.365 billion riyals.

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