Jood Eskan’s IPO raises over SAR 900 mln so far

Jood Eskan's IPO

The total contributions to Jood Eskan’s IPO campaign reached SAR 927.2 million so far, with a coverage of 92%.

On March 24, the headquarters of the Minister of Municipal, Rural Affairs, and Housing witnessed the launch of the Charitable Jood Eskan Subscription campaign, as the first charitable subscription in the housing sector across the world.

The campaign aims to mobilize charitable bids from Jood’s individuals and institutions to support families in need of housing.

This year's "Ever-Green Stock" campaign is designed to raise awareness of the importance of investing in community-driven social initiatives and contribute to the housing of 3,500 families in dire need.

The campaign will raise SAR 1 billion through 100 million stocks at SAR 10 per share and is designed to raise awareness of the importance of investing in community-driven social initiatives.