Jahez Individual Qualified Investors Tranche Coverage Reached 588.9%

HSBC Saudi Arabia in its capacity as the Financial Advisor, Lead Bookrunner, Lead Manager, and Stabilizing Manager on the initial public offering (“IPO”) of Jahez International Company for Information Systems Technology (the “Company”), announced on Tuesday the successful completion of the Offering to (Individual) Qualified Investors.

Each Individual subscriber will receive a minimum of 10 shares, while the remaining shares will be allocated on a pro-rata basis based on demand size.

The subscription period for (Individual) Qualified Investors Tranche, comprising 272,786 shares representing 14.4% of the total offering at a final Offer Price of SAR 850, commenced on December 23, 2021 and ended on December 26, 2021

Details of (Individual) Qualified Investors Tranche:

– Number of Qualified Individual Subscribers: 3,160

– Number of shares offered to (Individual) Qualified Investors subscribers: 272,786

– Final Offer Price: SAR 850

– (Individual) Qualified Investors tranche coverage: 588.9%

– Total amount of (Individual) Qualified Investors subscriptions: SAR 1,365,465,500

– Minimum Allocation to (Individual) Qualified Investors: 10 Shares