Al Majdiah lock-up period ends for major shareholders

02:01 PM (Mecca time) Argaam
Logo ofDar Al Majed Real Estate Co. (Al Majdiah)

Logo of Dar Al Majed Real Estate Co. (Al Majdiah) 

The six-month lock-up period for major shareholders of Dar Al Majed Real Estate Co. (Al Majdiah) ended today, March 9, following the company’s listing on the Saudi Main Market (TASI) on Sept. 10, 2025.

 

Major shareholders can now sell their shares without prior approval from the Capital Market Authority.

 

The lock-up also applied to financing agreements with several banks tied to the company’s capital structure, restricting the issuance of new shares or significant changes to ownership or the company’s legal structure without lender approval, in line with the terms of the financing agreements.

 

Major Shareholders

Shareholder

After the IPO

Shares (mln)

Ownership (%)

Dar Al Majid Holding 

121.27

40.43%

Rafid Modern Investment Co.

15.75

5.25%

Awj for Development and Real Estate Investment Co. 

15.75

5.25%

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