Alramz issues prospectus to list 12.9M shares on TASI

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.

 

Company Profile 

Company 

Alramz Real Estate Co.

Core Activities 

Construction and real estate management

Capital

SAR 300 mln  

Number of Shares 

30 mln

Capital after IPO

SAR 428.57 mln

Number of shares after IPO

42.86 mln

Nominal Value 

SAR 10
 

IPO Summary

Issue Percentage

30%

Offered shares

12.86 mln

Number of offered shares to retail investors

SAR 2.57 mln shares, or 20% of capital

Minimum subscription limit (participating parties:)

50,000 shares

Minimum subscription limit (retail investors)

10 shares

Maximum subscription limit (participating parties:)

2.14 mln shares

Maximum subscription limit (retail investors)

250,000 shares

Offer period

From Dec. 7-9, 2025 

Final Allocation

Dec. 15, 2025

Refund (if any)

No later than Dec. 16, 2025

 

Major Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Rasheed Abdulrahman Nasser Al Rasheed

24.00

%80.00

24.00

56.00%

Abdulmalik Rasheed Abdulrahman Al Rasheed

1.17

%3.89

1.17

2.72%

Rakan Rasheed Abdulrahman Al Rasheed

1.17

%3.89

1.17

2.72%

Haroun Rasheed Abdulrahman Al Rasheed

1.17

%3.89

1.17

2.72%

Fatima Abdullah Nasser Al Majid

0.75

2.5%

0.75

1.75%

Haya Rasheed Abdulrahman Al Rasheed*

0.58

1.94%

0.58  

1.36%

Modi Rasheed Abdulrahman Al Rasheed

0.58

1.94%

0.58

1.36%

Sara Rasheed Abdulrahman Al Rasheed

0.58

1.94%

0.58

1.36%

Public

--

--

12.86

30%

Total

30.00

100%

42.86

100%
 

Additional Information

Financial Advisor, Book-Runner, and Underwriter

SNB Capital

 

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

 
 

 

Prospectus

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