Saudi Arabia’s Jamjoom Fashion confirms listing on Nomu parallel market, eyes IPO
RIYADH: Saudi lifestyle retailer Jamjoom Fashion Trading Co. plans to sell a 30 percent stake in an initial public offering on the Kingdom’s Nomu parallel market, according to a statement on the Saudi Exchange.
The company will offer 2.38 million shares, with the price range to be announced on Sept. 1. The subscription period for qualified investors will run from Sept. 1 to 4, and the final offer price will be set on Sept. 9. The shares will be listed on Nomu after regulatory approvals are completed.
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