Logo of Jahez International Company for Information System Technology
The board of Jahez International Company for Information System Technology approved on March 19 the company’s transition from Nomu-Parallel Market to the Main Market (TASI).
Jahez hired a financial advisor based on the updated listing requirements, the company said in a statement to Tadawul.
The transition is subject to the company’s fulfillment of all requirements stipulated in the listing rules.
In January 2022, Jahez made a debut on Nomu with SAR 104.92 million capital, or SAR 850 per share, Argaam reported.
In November 2023, the shareholders approved the board’s recommendation on reducing the stock’s nominal value to SAR 0.5 from SAR 10.
Jahez closed at SAR 38.25 on March 19.
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