Logo of Jahez International Company for Information System Technology
Shares of Jahez International Company for Information System Technology closed 3% lower at SAR 505.60, the lowest level since debut after around 185,200 shares were traded.
Jahez hit an intraday low of SAR 498 today, May 15.
It tumbled 65% from its highest price and about 41% compared to the listing price.
In 2017, Jahez was established to turn into a closed joint stock company in 2020. By January 2022, it was listed on Tadawul at SAR 850 per share.
The company’s core activities include wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage; provision of accommodation and food services; information and communication; and administrative and support services.
Jahez also provides wireless data services, systems analysis, design, program special software and online delivery services.
The company received, on May 11, a letter from Impact Financial Co., the manager of Impact Finance Private Equity Fund – Information Technology and E-Commerce Sector, to start the transfer of the latter's shares in Jahez to the fund's unitholders.
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Jahez Stock Performance |
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Annual High (SAR) |
1088.00 |
May 22, 2022 |
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Annual Low (SAR) |
498.00 |
Today, May 15, 2023 |
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Historical High (SAR) |
1444.00 |
Feb. 20, 2022 |
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Historical Low (SAR) |
498.00 |
Today, May 15, 2023 |
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Highest Trading Volume (mln shares) |
525 |
Feb. 23, 2023 |
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Listing Price (SAR) |
850 |
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