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.
The planned listing follows steady earnings growth, with the retailer reporting SR540.4 million in revenue for the nine months to June 2025, up 14.3 percent, and net profit rising 17.1 percent to SR94.3 million.
The listing comes as Saudi Arabia continues to develop its financial markets under the Vision 2030 transformation plan, which aims to diversify the economy and attract greater foreign investment.
“The launch of the IPO is a crucial step in our journey so far,” said Founder and Chairman Kamal Osman Jamjoom.
