Jahez submits request for transition to main market

Nomu-listed Jahez International Company for Information System Technology submitted today, July 7, a request for transition to the Saudi Exchange (Tadawul) through the online portal developed by the regulators, according to a statement on Tadawul.

Any updates in this regard will be announced in a timely manner, the statement added

In March, the company’s board of directors approved the transition to the main market, Argaam reported.

Jahez debuted on Nomu the parallel market in January 2022 with a capital of SAR 104.92 million at SAR 850/share.

In November 2023, the company’s shareholders approved a board recommendation to reduce the per share nominal value from SAR 10 to SAR 0.5.