Al Majdiah sets TASI IPO price range at SAR 13.5-14/shr

29/07/2025 Argaam
Logo ofDar Al Majed Real Estate Co.(Al Majdiah)

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

Dar Al Majed Real Estate Co. (Al Majdiah) set the price range of its initial public offering (IPO) on the Main Market (TASI) between SAR 13.5-14 per share, BSF Capital, in its capacity as financial advisor, lead manager, and institutional bookrunner, said.

 

The institutional subscription and book-building process began on July 29, running until Aug. 4 at 3:00 pm Makkah time, a Tadawul statement indicated.

 

For More IPOs

 

Al Majdiah intends to float 90 million shares on TASI. This represents 30% of its SAR 300 million capital, divided into 300 million shares at a nominal value of SAR 1 apiece, according to Argaam data.

 

The retail subscription period will take place from Aug. 14-18. As many as 18 million shares (20% of total offer shares) were allocated to individual investors.

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