Jahez institutional offering 38.8x covered, final offer price set at SAR 850/share

Company Profile

Company

Jahez International Company for Information Systems Technology

Market

Nomu-Parallel Market

Core Activities

Online food delivery platform

Capital

SAR 96 mln

IPO Highlights

Issue percentage (%)

18%

Number of shares offered to qualified institutional investors

1.89 mln shares or 100% of the total offered shares. The final allocation of offered shares will be made after the end of the subscription period and includes the allocation of the cornerstone investor’s shares amounting to 524,589 of the total offered shares. If individual qualified investors subscribe to the shares allocated for them, the lead bookrunner will have the right to reduce the number of offered shares allocated to institutional qualified investors to 1.62 mln shares – as a minimum - representing 85.6% of the total number of offered shares, provided that the final allocation to the cornerstone investor will stand at 24,589 shares of the offer shares in all cases

Maximum limit

524,590 shares

Maximum limit

7,500 shares

Number of shares offered to qualified retail investors

A maximum of 272,790 shares – as a maximum limit - or 14.4% of the total offer shares 

Maximum limit

65,000 shares

Minimum limit

10 shares

Offering period

Dec. 23 - 26

Final allocation

Jan. 3, 2022

Surplus refunds (if any)

Jan. 3, 2022