AI Summary
Logo of Alramz Real Estate Co.
Alramz Real Estate Co. issued today, Nov. 12, the prospectus to list 12.86 million shares, or 30% of capital, on the Main Market (TASI).
The offer price includes the issuance of 12.86 million new shares, representing 30% of the company's post-increase capital.
The company's current capital amounts to SAR 300 million, divided into 30 million shares at a par value of SAR 10 each. Post-IPO capital will amount to SAR 428.57 million, divided into 42.86 million shares.
The Capital Market Authority (CMA) approved, on June 30, the company's application to float its shares.
The offer period will run from Dec. 7-9, 2025.
The subscription is limited to two categories of investors:
Tranche (A): Participating parties: This comprises the categories that are entitled to participate in the book building process.
Tranche (B): Individual subscribers: This tranche comprises Saudi nationals, including and any non-Saudi natural person who is a resident in the Kingdom and any GCC national, who holds a bank account with one of the receiving entities, and are allowed to open an investment account. A total of 2.57 million shares will be allocated to them, representing 20% of total offered shares.
Alramz Real Estate was established in September 2016 in Riyadh. The company’s currently activity is the purchase of land, as well as development of residential and commercial projects owned by the company or third parties.
According to data available with Argaam, Alramz decided in 2022 to cancel on its planned Nomu listing, after the subscription to 3.3 million shares had been scheduled and priced between SAR 61-67 per share.
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Company Profile |
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Company |
Alramz Real Estate Co. |
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Core Activities |
Construction and real estate management |
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Capital |
SAR 300 mln |
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Number of Shares |
30 mln |
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Capital after IPO |
SAR 428.57 mln |
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Number of shares after IPO |
42.86 mln |
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Nominal Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
30% |
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Offered shares |
12.86 mln |
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Number of offered shares to retail investors |
SAR 2.57 mln shares, or 20% of capital |
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Minimum subscription limit (participating parties:) |
50,000 shares |
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Minimum subscription limit (retail investors) |
10 shares |
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Maximum subscription limit (participating parties:) |
2.14 mln shares |
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Maximum subscription limit (retail investors) |
250,000 shares |
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Offer period |
From Dec. 7-9, 2025 |
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Final Allocation |
Dec. 15, 2025 |
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Refund (if any) |
No later than Dec. 16, 2025 |
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Major Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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Rasheed Abdulrahman Nasser Al Rasheed |
24.00 |
%80.00 |
24.00 |
56.00% |
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Abdulmalik Rasheed Abdulrahman Al Rasheed |
1.17 |
%3.89 |
1.17 |
2.72% |
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Rakan Rasheed Abdulrahman Al Rasheed |
1.17 |
%3.89 |
1.17 |
2.72% |
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Haroun Rasheed Abdulrahman Al Rasheed |
1.17 |
%3.89 |
1.17 |
2.72% |
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Fatima Abdullah Nasser Al Majid |
0.75 |
2.5% |
0.75 |
1.75% |
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Haya Rasheed Abdulrahman Al Rasheed* |
0.58 |
1.94% |
0.58 |
1.36% |
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Modi Rasheed Abdulrahman Al Rasheed |
0.58 |
1.94% |
0.58 |
1.36% |
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Sara Rasheed Abdulrahman Al Rasheed |
0.58 |
1.94% |
0.58 |
1.36% |
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Public |
-- |
-- |
12.86 |
30% |
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Total |
30.00 |
100% |
42.86 |
100% |
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Additional Information |
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Financial Advisor, Book-Runner, and Underwriter |
SNB Capital |
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Receiving Banks |
Derayah Financial, SNB Capital, BSF Capital, EFG-Hermes, Riyad Capital, AlJazira Capital, Yaqeen Capital, Albilad Capital, ANB Capital, Al Rajhi Capital, Alistithmar Capital, Alinma Capital, SAB Invest, Alkhabeer Capital, Capital Financial, GIB Capital, Musharaka Capital, Awaed Alosool Capital |
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