Jamjoom Fashion Trading Company, a prominent Saudi-based apparel and lifestyle group, has announced the price range for its initial public offering (IPO) and the commencement of the offering period for Qualified Investors.
The price range for the offering has been set between $37 and $38 (SAR 140 – 145) per share. This implies an offering size between $89 million (SAR 334 million) and $92 million (SAR 346 million).
The corresponding market capitalization at listing is estimated to range between $297 million (SAR 1.113 billion) and $307 million (SAR 1.152 billion).
Jamjoom Fashion said that the offering period commences today, 01 September 2025, and ends by the close of business on 04 September 2025.
According to the statement, the offer shares will be listed and traded on the Parallel Market (Nomu) of the Saudi Exchange, following and subject to the completion of the Offering and listing formalities with the CMA and the Saudi Exchange.
The offering consists of 2,384,340 offer shares, representing 30 percent of the company’s issued share capital. The Company is 100 percent owned by Kamal Osman Jamjoom Trading Company, and the Offering will be through the sale of a portion of KOJ Trading’s shares.
Following the offering, the selling shareholder will continue to hold the majority of shares, equating to 70 percent ownership interest in the Jamjoom Fashion’s share capital. The company has appointed EFG Hermes KSA as financial advisor and lead manager.
“Trading of the Jamjoom Fashion shares on the Saudi Exchange is expected to commence after all relevant regulatory requirements are satisfied,” as per the reports.
