Saudi fashion brand Jamjoom sets IPO range at SR140 to SR145

Jamjoom's listing will be on the Saudi parallel market Nomu

Last updated: September 01, 2025 | 10:45

Manoj Nair, Business Editor

1 MIN READ

There is another Saudi IPO that's open for subscription, this one from Jamjoom.

Bloomberg

Dubai: The Saudi retail group Jamjoom Fashion Trading Company has set the IPO price range at SR140 to SR145 a share in a float that is open only to institutional investors. The float is will see the company sell 30%.

This sets up an offer size of between SR334 million and SR346 million, for a market capitalization of SR1.11 billion and SR1.15 billion (on listing day. The offer is open from today until September 4.

Also Read: Flynas’ $1.1 billion Saudi Arabia IPO sells out in minutes

The shares of Jamjoom - which owns the lingerie brand Nayomi and menswear label Mihyar - are to be floated on the Saudi parallel market Nomu.

In all, Jamjoom is giving up 2.38 million shares, representing 30% of the issued share capital.

The final allocation for the offer shares will be announced by September 9, and the surplus refunded within two business days from the allocation date. The surplus will be refunded no later than September 11.

The Saudi stock market is having another solid run when it comes to IPOs. But what makes Jamjoom's interesting is that this one goes directly to Nomu, which has slightly more flexible options when it comes to listing requirements.

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Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.