Jamjoom Fashion debuts on Nomu at SAR 145/shr today

Jamjoom Fashion, the 23rd listing on Nomu, began trading today at SAR 145 per share

Shares of Jamjoom Fashion Co. began trading on the Nomu-Parallel Market today, Sept. 18, under the symbol 9649 and ISIN Code SA16CI8KMOH3, with a price of SAR 145 apiece.

The stock is subject to daily and static price fluctuation limits of +/-30% and +/-10%, respectively.

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The company floated 2.38 million shares on Nomu, representing 30% of its SAR 79.48 million capital, divided into 7.94 million ordinary shares at a par value of SAR 10 each. 

The offering was 4.5x oversubscribed.

This is the 23rd listing on Nomu in 2025, comprising one direct listing and 22 offerings to qualified investors.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. 

This listing brings the total number of Nomu firms to 127, in addition to Alwaha REIT Fund.

Jamjoom Fashion was established in 2023 as a Saudi joint stock company under the name Jamjoom Fashion Trading. Its current activities focus on creating and managing leading fashion brands, and it owns two brands: Nayomi and Mhayar.

*Kamal Osman Saleh Jamjoom owns 99% of the share capital of Kamal Osman Jamjoom Trading Co.

**Jamil Kamal Osman Jamjoom owns 1% of the share capital of Kamal Osman Jamjoom Trading Co.