ASAS Makeen's Nomu offering price set at SAR 80/share
The offering period is scheduled to take place from May 19 to May 25.
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According to data compiled by Argaam, Makeen plans to offer one million ordinary shares—representing 10% of its capital—at a par value of SAR 10 each to qualified investors.
ASAS Makeen was established as a limited liability company in 2011 in Riyadh. It later transformed into a closed Saudi joint-stock company.
Its current actual business activity is developing and investing in land plots through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on plots owned by the company or by third parties.
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Arab News
3 hours ago
- Arab News
Amid crackdown, Pakistan's largest real estate company on brink of complete shutdown — owner
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Asharq Al-Awsat
3 hours ago
- Asharq Al-Awsat
Norway PM Wants Oil Fund to Review Stake in Israeli Company
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Asharq Al-Awsat
3 hours ago
- Asharq Al-Awsat
Saudi KAUST's Center of Excellence for Renewable Energy Advances Energy Innovation
Saudi Arabia's King Abdullah University of Science and Technology (KAUST), through its Center of Excellence for Renewable Energy and Storage Technologies (CREST), has launched initiatives to support innovation in energy fields, in alignment with the goals of Saudi Vision 2030 to transition toward a knowledge-based economy and build sustainable development. These efforts include transforming new ideas into practical solutions, developing prototypes of KAUST inventions and ensuring their reliability, and scaling up these prototypes through collaboration with local and international partners, reported the Saudi Press Agency on Monday. KAUST has leveraged the center's research to boost energy security, reduce environmental impact, create new job opportunities for youth, and continue advancing education, training, and workforce development. These steps aim to support and localize renewable energy research, boost academic and industrial collaboration, and position the center as a leading research hub and a preferred destination for students, researchers, and faculty members. CREST Chair Professor Husam Alshareef stressed that the center's research, focused on prototype development and technology scaling, enhances energy efficiency, reliability, storage, and sustainability. Many projects are based on innovative technologies developed at KAUST in cooperation with industrial partners. These include advanced photovoltaic cells and new battery chemistries that reduce cooling requirements and fire risks in harsh conditions, as well as lithium extraction and battery recycling to ensure a stable lithium supply and enhance the Kingdom's battery sector, he added. The center conducts research on sustainable cooling technologies aimed at improving the performance of electronic devices such as solar panels and LED lights, thereby extending their lifespan, he went on to say. Additional research includes storing energy in chemical fuels and generating electricity, testing and modeling energy storage technologies, and integrating them across disciplines within the university by merging research strategies involving experts in chemistry, engineering, and software development, he revealed.
