Logo ofJahez International Co.for Information Systems Technology(Jahez)
Jahez International Co. for Information Systems Technology(Jahez)will list and start trading on the Main Market (TASI) today, Dec. 10, under the symbol 6017 in the consumer services sector. 
The stock will have a 10% daily price fluctuation limit.
On Nov. 18, the Saudi Exchange (Tadawul) approved Jahez’s application to transition from the Nomu-Parallel Market to TASI, with a capital of SAR 104.9 million, divided into 209.8 million shares, at a par value of SAR 0.5 a share, according to data available with Argaam.
The stock’s last price on Nomu was SAR 37.60, which will be its opening price on TASI.
Jahez will bring the number of TASI-listed companies to 228, excluding 19 REITs. The number of companies listed on Nomu would drop to 103, excluding Alwaha REIT Fund.
Company Profile:
Jahez was established as a limited liability company in 2017 with SAR 1 million capital in Riyadh. Later, it raised capital to SAR 5 million.
In December 2020, it transformed into a closed joint stock company. In May 2021, the capital was increased to SAR 96 million then to SAR 104.92 million in June 2021.
The company’s core activities include, wholesale, retail and 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 and program special software, as well as online delivery services.
Jahez debuted on Nomu in January 2022 offering of 1.89 million shares, representing 18% of its capital. The final offering price was set at SAR 850 per share.
In November 2023, the company implemented a stock split, reducing the nominal value of its shares from SAR 10 to SAR 0.5 per share.
Transition Details
Item
Nomu
TASI
Capital (SAR mln)
104.92
104.92
Number of shares (mln)
10.49
209.84
Nominal value
10
0.5
Sector
Consumer Services
Consumer Services
Daily fluctuation limit
30%
10%
Listing price (SAR)
850.00
37.60
Eligible traders
Qualified investors
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities
The following table details companies that have transitioned from Nomu to TASI:
Details of Companies’ Transition to Main Market
Company
Board Approval
Transfer Application
Official Approval
Listing Shares on TASI
Al Kathiri
Oct. 9, 2019
Oct. 15, 2019
Oct. 28, 2019
Nov. 3, 2019
Thob Al Aseel
Oct. 6, 2019
Oct. 16, 2019
Nov. 4, 2019
Nov. 10, 2019
Abo Moati
Oct. 6, 2019
Oct. 16, 2019
Nov. 4, 2019
Nov. 11, 2019
Raydan
Oct. 8, 2019
Oct. 29, 2019
Nov. 17, 2019
Nov. 21, 2019
Baazeem
Oct. 7, 2019
Nov. 14, 2019
Nov. 28, 2019
Dec. 4, 2019
Arab Sea
Oct. 9, 2019
March 17, 2020
April 12, 2020
April 15, 2020
Al-Omran
Feb. 16, 2020
June 15, 2020
July 15, 2020
July 21, 2020
Sadr
Sept. 27, 2020
Nov. 2, 2020
Dec. 3, 2020
Dec. 10, 2020
Development Works Food
Sept. 12, 2021
Nov. 4, 2021
Nov. 17, 2021
Nov. 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug. 20, 2023
Sept. 7, 2023
Riyadh Cement
June 29, 2022
June 18, 2023
Nov. 14, 2023
Dec. 5, 2023
Burgerizzr
Oct. 12, 2023
June 13, 2024
Oct. 13, 2024
Nov. 4, 2024
Banan
July 4, 2023
June 4, 2024
Nov. 18, 2024
Dec. 9, 2024
Jahez
March 19, 2024
July 7, 2024
Nov. 18, 2024
Dec. 10, 2024
Under the amended listing regulations issued bythe CMA,companies wishing to transfer from Nomu toTASI areobliged of the following:
1)Firms may only apply to transfer to the Main Market after two calendar years from listing onNomu.
2)The average aggregate market value of the transferred shares must be at least SAR 200million inthe six-month period prior to the submission of application.
3)An issuer must disclose to the public the board report that includes all relatedinformation, before submitting the application.
4)Submitting the board of directors’ approval on the transfer before the beginning of the trading session that follows the approval.
5)The issuer must disclose the transfer to the public upon submitting the application.
Trading on the issuer’s shares will be suspended for a period not exceeding five tradingsessions beforedebuting on the Main Market.
Logo ofJahez International Co.for Information Systems Technology(Jahez)
Jahez International Co. for Information Systems Technology(Jahez)will list and start trading on the Main Market (TASI) today, Dec. 10, under the symbol 6017 in the consumer services sector.
The stock will have a 10% daily price fluctuation limit.
On Nov. 18, the Saudi Exchange (Tadawul) approved Jahez’s application to transition from the Nomu-Parallel Market to TASI, with a capital of SAR 104.9 million, divided into 209.8 million shares, at a par value of SAR 0.5 a share, according to data available with Argaam.
The stock’s last price on Nomu was SAR 37.60, which will be its opening price on TASI.
Jahez will bring the number of TASI-listed companies to 228, excluding 19 REITs. The number of companies listed on Nomu would drop to 103, excluding Alwaha REIT Fund.
Company Profile:
Jahez was established as a limited liability company in 2017 with SAR 1 million capital in Riyadh. Later, it raised capital to SAR 5 million.
In December 2020, it transformed into a closed joint stock company. In May 2021, the capital was increased to SAR 96 million then to SAR 104.92 million in June 2021.
The company’s core activities include, wholesale, retail and 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 and program special software, as well as online delivery services.
Jahez debuted on Nomu in January 2022 offering of 1.89 million shares, representing 18% of its capital. The final offering price was set at SAR 850 per share.
In November 2023, the company implemented a stock split, reducing the nominal value of its shares from SAR 10 to SAR 0.5 per share.
Transition Details
Item
Nomu
TASI
Capital (SAR mln)
104.92
104.92
Number of shares (mln)
10.49
209.84
Nominal value
10
0.5
Sector
Consumer Services
Consumer Services
Daily fluctuation limit
30%
10%
Listing price (SAR)
850.00
37.60
Eligible traders
Qualified investors
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities
The following table details companies that have transitioned from Nomu to TASI:
Details of Companies’ Transition to Main Market
Company
Board Approval
Transfer Application
Official Approval
Listing Shares on TASI
Al Kathiri
Oct. 9, 2019
Oct. 15, 2019
Oct. 28, 2019
Nov. 3, 2019
Thob Al Aseel
Oct. 6, 2019
Oct. 16, 2019
Nov. 4, 2019
Nov. 10, 2019
Abo Moati
Oct. 6, 2019
Oct. 16, 2019
Nov. 4, 2019
Nov. 11, 2019
Raydan
Oct. 8, 2019
Oct. 29, 2019
Nov. 17, 2019
Nov. 21, 2019
Baazeem
Oct. 7, 2019
Nov. 14, 2019
Nov. 28, 2019
Dec. 4, 2019
Arab Sea
Oct. 9, 2019
March 17, 2020
April 12, 2020
April 15, 2020
Al-Omran
Feb. 16, 2020
June 15, 2020
July 15, 2020
July 21, 2020
Sadr
Sept. 27, 2020
Nov. 2, 2020
Dec. 3, 2020
Dec. 10, 2020
Development Works Food
Sept. 12, 2021
Nov. 4, 2021
Nov. 17, 2021
Nov. 23, 2021
Sumou
May 15, 2022
May 24, 2023
Aug. 20, 2023
Sept. 7, 2023
Riyadh Cement
June 29, 2022
June 18, 2023
Nov. 14, 2023
Dec. 5, 2023
Burgerizzr
Oct. 12, 2023
June 13, 2024
Oct. 13, 2024
Nov. 4, 2024
Banan
July 4, 2023
June 4, 2024
Nov. 18, 2024
Dec. 9, 2024
Jahez
March 19, 2024
July 7, 2024
Nov. 18, 2024
Dec. 10, 2024
Under the amended listing regulations issued bythe CMA,companies wishing to transfer from Nomu toTASI areobliged of the following:
1)Firms may only apply to transfer to the Main Market after two calendar years from listing onNomu.
2)The average aggregate market value of the transferred shares must be at least SAR 200million inthe six-month period prior to the submission of application.
3)An issuer must disclose to the public the board report that includes all relatedinformation, before submitting the application.
4)Submitting the board of directors’ approval on the transfer before the beginning of the trading session that follows the approval.
5)The issuer must disclose the transfer to the public upon submitting the application.
Trading on the issuer’s shares will be suspended for a period not exceeding five tradingsessions beforedebuting on the Main Market.
