AlAjlan Riviera names AlJazira Cap financial adviser for IPO

01/06/2022 Argaam

Signing ceremony

Mohammed and Mosab Abdullah AlAjlan Investment Co. (AlAjlan Riviera) announced appointing AlJazira Capital as financial adviser for its initial public offering (IPO) on the Saudi Exchange (Tadawul).

 

The announcement was made on the sidelines of Maskan Real Estate Exhibition held in Riyadh from May 26-29. 

 

AlAjlan Riviera’s IPO on Tadawul comes in line with the company’s business expansion plan, CEO Mohamed Alajlan said. 

 

He added that the company, since inception, has been keen on offering modern real estate projects fulfilling the market needs.   

 

Chairman Hamdan Al-Hamdan said the IPO is a key step towards institutional transition of real estate firms in Saudi Arabia. He added that the company seeks to be an exemplar of governance by applying the best technical and managerial standards. 

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