The Saudi Arabia Capital Markets Authority (CMA) Board approved Jamjoom Fashion Trading Company’s application to register and offer 2,384,340 shares representing 30% of the company’s share capital on the Parallel Market. The offering will be limited to Qualified Investors as defined in the CMA’s Glossary of Defined Terms. A prospectus will be published sufficiently in advance of the offering. The CMA highlighted that its approval is not a recommendation to invest and reflects only that the legal requirements under the Capital Market Law and its Implementing Regulations have been met. The approval remains valid for six months from the CMA Board resolution date and will be deemed cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-06-23
Saudi Arabia Capital Markets Authority approves Jamjoom Fashion Trading Company to offer 2,384,340 shares equal to 30% of capital on the Parallel Market
The Saudi Arabia Capital Markets Authority (CMA) approved Jamjoom Fashion Trading Company's application to register and offer 2,384,340 shares, representing 30% of its share capital, on the Parallel Market, limited to Qualified Investors. The CMA emphasized that its approval is not an investment recommendation but confirms compliance with legal requirements. The approval is valid for six months from the resolution date.