Announcement of the Final Price for Jahez International Company for Information Systems Technology
HSBC Saudi Arabia in its capacity as the Financial Advisor, Lead Bookrunner, Lead Manager, and Stabilization Manager, together with AlRajhi Capital, Saudi Fransi Capital and Derayah Financial as Joint Bookrunners on the potential initial public offering (“IPO” or the “Offering”) of Jahez International Company for Information Systems Technology (“Jahez” or the “Group”), announced the successful completion of the book-building process for the (Institutional) Qualified Investors tranche and the setting of the final offer price at SAR (850) per share with a coverage of 38.8x of the total Offer Shares.
The (Individual) Qualified Investors tranche subscription process will commence on Thursday 23/12/2021G and end on Sunday 26/12/2021G. A maximum of (272,786) Offer Shares, representing 14.4% of the total Offer Shares, will be allocated to (Individual) Qualified Investors.
For more information and for the red herring prospectus and the supplementary prospectus, please visit the Capital Market Authority website (www.cma.org.sa) or Jahez website (www.jahezgroup.com).