Jahez International: Setting Final offer price at SR (850) per share

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 on Sunday  the successful completion of the book-building process for the (Institutional) Qualified Investors tranche and the setting of the final offer price at SR (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 23/12/2021 and end on Sunday 26/12/2021.

A maximum of (272,786) Offer Shares, representing 14.4% of the total Offer Shares, will be allocated to (Individual) Qualified Investors.