Latest news with #AlMozaini
Argaam
6 days ago
- Business
- Argaam
Yaqeen Capital notified of Al-Mozaini terminating Nomu listing deal
Yaqeen Capital said it received a notice from Hamad and Ahmed Mohammed Al-Mozaini Real Estate Co. to terminate the agreement to arrange the company's listing on the Nomu-Parallel Market, according to a statement to Tadawul. On June 4, Yaqeen Capital signed an agreement with Al-Mozaini to arrange the latter's IPO on Nomu, according to data available with Argaam. Upon completion of all stages, the revenues generated from the transaction were expected to exceed 5% of Yaqeen Capital's total revenues of SAR 89.48 million, based on the latest audited annual financials for 2024.
Zawya
22-07-2025
- Business
- Zawya
Saudi real estate firm Dar AlMajed to begin IPO bookbuilding on July 29
Saudi Arabia's Dar AlMajed Real Estate Company (AlMajdiah) will proceed with its IPO on the Tadawul of the kingdom's stock exchange, with a float representing 30% of its share capital or 90 million shares. The book building process will commence on July 29, 2025, and close on August 4, 2025. The offering proceeds will be distributed to the selling shareholders in proportion to the number of shares that will be sold by each of them, after deducting the offering expenses. AlMajdiah has appointed Saudi Fransi Capital (BSF Capital) as financial advisor, lead manager institutional bookrunner and underwriter. According to its website, AlMajdiah has developed over 2.5 million square meters, encompassing more than 180 completed projects. Saudi has seen a series of real estate sector IPOs, with last month seeing Hamad & Ahmad Mohammed Al-Mozaini Real Estate Company announcing its intention to float on the Parallel Market, Nomu. In March, Saudi's Umm Al Qura for Development and Construction saw its shares surge 30% on the group's debut on the Saudi Exchange's Main Market following a $523 million IPO. (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
12-06-2025
- Business
- Zawya
Saudi's Al Mozaini Real Estate to launch IPO
Saudi Arabia's Hamad & Ahmad Mohammed Al-Mozaini Real Estate Company is set to launch an initial public offering (IPO) and list on the Saudi Stock Exchange (Tadawul) Parallel Market, Nomu. The company has appointed Yaqeen Capital as the arranger for the real estate firm's public subscription process. Hamad & Ahmad is the latest Saudi-based company to capitalise on the kingdom's capital market, which has seen significant growth on the back of ambitious economic reforms. The kingdom has consistently dominated the IPO activity in the Middle East. During the first quarter of the year, 12 out of 14 listings in the region originated from Saudi Arabia, according to EY. Five IPOs on the Tadawul Main Market raised a total of $1.8 billion, while seven IPOs on Nomu attracted $69 million. (Writing by Cleofe Maceda; editing by Seban Scaria)
