Jahez shares end at lowest price since debut

15/05/2023 Argaam Special
Logo ofJahez International Company for Information System Technology

Logo of Jahez International Company for Information System Technology


Shares of Jahez International Company for Information System Technology closed 3% lower at SAR 505.60, the lowest level since debut after around 185,200 shares were traded.

 

Jahez hit an intraday low of SAR 498 today, May 15.

 

It tumbled 65% from its highest price and about 41% compared to the listing price.

 

In 2017, Jahez was established to turn into a closed joint stock company in 2020. By January 2022, it was listed on Tadawul at SAR 850 per share.

 

The company’s core activities include wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage; provision of accommodation and food services; information and communication; and administrative and support services.

 

Jahez also provides wireless data services, systems analysis, design, program special software and online delivery services.

 

The company received, on May 11, a letter from Impact Financial Co., the manager of Impact Finance Private Equity Fund – Information Technology and E-Commerce Sector, to start the transfer of the latter's shares in Jahez to the fund's unitholders.

 

Jahez Stock Performance

Annual High (SAR)

1088.00

May 22, 2022

Annual Low (SAR)

498.00

Today, May 15, 2023

Historical High (SAR)

1444.00

Feb. 20, 2022

Historical Low (SAR)

498.00

Today, May 15, 2023

Highest Trading Volume (mln shares)

525

Feb. 23, 2023

Listing Price (SAR)

850

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