AI Summary
Alramz, the 15th listing on TASI in 2025, commences trading on Dec. 18
Alramz Real Estate Co. began trading on the Main Market (TASI) today, Dec. 18, under the symbol 4327 and ISIN Code SA16E1323JH6, at SAR 70 per share.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the third trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.
Alramz is the 15th listing on TASI in 2025 after Almoosa Health Co. on Jan. 7, Nice One Beauty Digital Marketing Co. on Jan. 8, Derayah Financial Co. on March 10, Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Masar Al-Numou Finance Co. on March 24, United Carton Industries Co. (UCIC) on May 27, Flynas Co. on June 18, Specialized Medical Co.’s (SMC) on June 25, Sport Clubs Co. on July 2025, Marketing Home Group Co. on Sep. 2, Dar Al Majed Real Estate Co. (Al Majdiah) on Sep. 10, Cherry Trading Co. on Sep. 1, Almasar Alshamil Education Co. on Dec. 2, and Consolidated Grünenfelder Saady Holding Co. (CGS) on Dec. 9.
In 2024, 13 companies were listed on Tadawul, in addition to Alistithmar AREIC Diversified REIT Fund.
Following the Alramz listing, the number of companies listed on TASI has reached 247, along with 19 real estate traded funds (REITs).
Alramz offered 30% of its shares on TASI, through the issuance of 12.86 million new shares, representing 30% of the company’s post-IPO capital.
The retail IPO was 36% covered, based on the 2.57 million shares allocated to individual investors, representing 20% of the offering.
Meanwhile, the institutional IPO was 11.1x covered.
Company Background
Alramz (founded in Riyadh in 2016) is a real estate developer, whose main activity includes the purchase, sale, and subdivision of land and properties; off-plan sales; property management and leasing of residential and non-residential assets; real estate brokerage and property management; and general construction.
The activities also cover renovation, specialized contracting, site preparation, excavation, grading, foundation work, and building finishing, as well as operation and maintenance services for facilities it owns or manages.
The company’s activities also include site preparation and development, such as excavation and grading, foundation casting, building finishing, and the management of maintenance and operations for its buildings and related facilities.
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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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No. of Shares |
30 mln |
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Post-IPO Capital |
SAR 428.57 mln |
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Post-IPO No. of Shares |
42.86 mln |
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Nominal Value |
SAR 10 |
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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% |
|
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% |
|
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% |
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Public |
-- |
-- |
12.86 |
30% |
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Total |
30.00 |
100% |
42.86 |
100% |
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