Determine the price range of “Umm Al -Qura” offered between 14 and 15 riyals per share

Umm Al -Qura Company for Development and Reconstruction, which is the royal, developed and operating company for the path of a path, announced one of the largest development projects in Makkah Al -Mukarramah, today the pricing scope of shares of the first public offering and the start of the process of building the orders record for the participating groups.
The company noted the determination of the price range of the offering shares between 14 and 15 riyals per share.
It is scheduled to start the period of construction of the orders record today, Sunday, February 16, 2025, and will continue until Thursday, February 20, 2025.
The Capital Market Authority announced its approval on December 24, 2024 AD on the company’s request to register its shares and offer 130,786,142 ordinary shares, representing 9.09% of the company’s shares after increasing the capital through the issuance of 130,786,142 new shares by increasing the capital.
The company obtained the approval of Saudi Arabia’s conditional trading on December 8, 2024 AD to include in the main market for Saudi trading “Tadawul”.