Impact Finance Private Equity Fund to transfer stake in Jahez to unitholders

19/01/2023 Argaam

Impact Finance Private Equity Fund to transfer stake in Jahez to unitholders

Logo of Jahez International Co. for Information Systems Technology

Jahez International Co. for Information Systems Technology received today, Jan. 19, a letter from Impact Financial Co., the manager of Impact Finance Private Equity Fund – Information Technology and E-Commerce Sector, stating the latter’s intention to transfer its shares in Jahez to the fund's unitholders, according to a statement to Tadawul.

 

The stake represents 3.28 million shares, or 31.29% of Jahez’s capital.

 

The shares will be deposited into the accounts of the fund's unitholders after lifting the ownership restriction on the company's major shareholders.

 

This will, in turn, result in changes in the ownership of major shareholders.

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