{"id":100200,"date":"2025-09-02T00:00:00","date_gmt":"2025-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/jamjoom-could-raise-over-sar-340-mn-from-nomu-listing\/"},"modified":"2025-09-02T00:00:00","modified_gmt":"2025-09-02T00:00:00","slug":"jamjoom-could-raise-over-sar-340-mn-from-nomu-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/jamjoom-could-raise-over-sar-340-mn-from-nomu-listing\/","title":{"rendered":"Jamjoom could raise over SAR 340 mn from Nomu listing"},"content":{"rendered":"

<\/strong>Jamjoom Fashion Trading \u2014 the retail brand creator behind Nayomi and Mihyar <\/strong>\u2014 is <\/strong>guiding on a price range of SAR 140-145 per share for its <\/strong>30% stake Nomu IPO<\/a><\/strong>, according to a bourse disclosure<\/a>. At the top of the range, the final pricing would see Jamjoom raise SAR 345.7 mn in IPO proceeds, implying a market cap of SAR 1.15 bn at listing, according to our calculations, putting it at the upper tier of Nomu debuts.<\/p>\n

What\u2019s next?<\/strong> The offer period, which kicked off yesterday, will end on Thursday, 4 September, with final allocations due on Tuesday, 9 September. Investors can subscribe to a minimum of 10 shares and a maximum of 396.6k shares each.<\/p>\n

REFRESHER- <\/strong>Kamal Osman Jamjoom Trading (KOJ), the selling shareholder, is offloading 2.38 mn shares to qualified investors and will rake in net proceeds from the sale. KOJ will retain a 70% stake in the company post-IPO and will be subject to a 12-month lockup period.<\/p>\n

ADVISORS- <\/strong>EFG Hermes KSA is serving as the financial advisor and lead manager on the transaction, while Zeyad Sameer Khoshaim Law Firm is providing counsel. PwC is the financial due diligence advisor, and Euromonitor International is the market consultant.<\/p>\n

Receiving agents <\/strong>include Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Al Bilad Investment, Al Jazira Capital, Alistithmar Capital, Derayah Financial, Alinma Capital, Arab National Bank Financial, Yaqeen Capital, Al Khabeer Capital, Al Awwal Investment (Sab Invest), Saham Capital, GIB Capital, EFG Hermes KSA, Musharaka Capital, and Awaed Alosool Capital.<\/p>\n

ALSO IN THE NOMU PIPELINE- <\/strong>Wajd Life has recently set its Nomu IPO price range at SAR<\/a>5.5-5.7 apiece<\/a>. Meanwhile, Sign World\u2019s IPO was 108.7% covered<\/a> last week, and Rawabi priced its shares at SAR 35 apiece<\/a>. Property developer Hamad Mohammed Bin Saedan Real Estate set its IPO price at SAR 13.5<\/a>, following the release of its prospectus earlier last month. The Capital Market Authority has also recently approved<\/a> the listing of online supplement store Alwazn Almithaly for Trading and two new equity funds on the parallel market.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offer period, which kicked off yesterday, will end on Thursday, 4 September<\/p>\n","protected":false},"author":1,"featured_media":100201,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,2637,29,2784],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo","tag-ipo-watch","tag-jamjoom","wpautop","entry"],"acf":{"mongo_id":"c1b79cc3-ffd1-4e84-9be0-3c3a66f9f838","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/112.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jamjoom\u2019s Nomu IPO could see it raise up to SAR 345.7 mn","related_issue":[100195],"teaser":"The offer period, which kicked off yesterday, will end on Thursday, 4 September","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.fa087a7f-c162-4ad5-ab19-cae2e72784d0.mp3"},"yoast_head":"\nJamjoom could raise over SAR 340 mn from Nomu listing - 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