Money and business

Determine the price range of “Al -Majidiya” of 13.5 and 14 riyals per share

The Saudi Fransi Capital Company, on behalf of Dar Al -Majid Real Estate Company, “Al -Majidiya”, in its capacity as the financial advisor, the coverage contractor, the director of the subscription record of institutions and the subscription manager, in the first public offering of Majidiya on the obligatory pledge submitted by Sinad Holding Company “the main investor”, whereby the main investor is committed to subscription in (6,666,666) shares of the offering of the offering price It represents about (2.22%) of the company’s capital, and the supplementary version bulletin has been published accordingly.
This comes in order to announce the Saudi Francier Capital Company about the pricing scope of the general offering of Dar Al -Majid Real Estate and the start of the process of building the orders record for the participating groups segment.
It noted the determination of the price range between 13.50 – 14.00 riyals per share.
The initial public offering process is the launch of ninety million (90,000,000) ordinary shares, representing (30%) of Al -Majidiya capital.
The minimum number of shares that can be subscribed to each of the target investor categories is 250,000 ordinary shares, while the maximum is 14,999,999 normal shares.
Participation is limited to building the orders record according to the instructions for building the orders record and allocating shares in the initial subscriptions issued by the Capital Market Authority Council to the qualifying groups to participate in the process of building the orders record.
The price of the offering for public subscription will be determined after the completion of the process of building the orders record for the process of subscribing to the individual segment, as 20% of the total shares offered for the public subscription will be offered to individual subscribers.
In the event that there is sufficient request by individual subscribers to subscribe to the offering shares, the financial advisor, in coordination with the company, has the right to reduce the number of offering shares allocated to the participating entities segment to 72 million normal shares as a minimum to represent (80%) of the offering shares, provided that this reduction is not applied to the main investor, and that the final allocation of the main investor is (6,666,666) shares of shares. Offer in all cases.
– The period of building the orders record for the institutions segment starts on Tuesday 07/29/2025 until 03:00 pm on Monday 08/04/2025 AD

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