Logo of
ASAS Makeen Real Estate Development Co. issued the prospectus for offering 1 million shares on the Nomu- Parallel Market. 
The offered shares represent 10% of the company’s share capital.
The company’s current capital is SAR 100 million, divided into 10 million shares with a nominal value of SAR 10 per share.
The share sale will run for five working days from May 19-25, 2025.
The Capital Market Authority (CMA) approved in December the application received from the company to register its shares for direct listing on Nomu.
ASAS Makeen Real Estate Development Co. was established as a limited liability company in 2011 in Riyadh. It later became a closed Saudi joint-stock company.
The company’s current activity is developing and investing in land through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on land owned by it or by third parties.
Company Profile
Company
ASAS Makeen Real Estate Development Co.
Market
Nomu – Parallel Market
Core Activities
Real estate development and investment
Capital
SAR 100 mln
No. of Shares
10 mln shares
Share Par Value
SAR 10
IPO Summary
Issue Percentage
10%
Offered shares
10 mln shares
IPO Minimum Limit
100 shares
IPO Maximum Limit
499990 shares
Offer period
The share sale will run for five working days from May 19-25, 2025.
Final Allocation
May 28, 2025
Refund (if any)
June 1, 2025
Company Shareholders
Shareholders
Before IPO
Post-Offering
No. of Shares
(‘000)
Ownership (%)
No. of Shares
(‘000)
Ownership (%)
Abdulrahman bin Saud Abdulrahman Al-Hadlaq
9600
96%
8640
86.4%
Anas bin Saud Abdulrahman Al-Hadlaq
400
4%
360
3.6%
QFIs
—
—
1000
10%
Total
10000
100%
10000
100%
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Derayah Financial, SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Capital, Riyad Capital, Aljazira Capital, Alistithmar Capital, Albilad Capital, ANB Capital, SAB Invest, Alkhabeer Capital, Sahm Capital, GIB Capital
Logo of
ASAS Makeen Real Estate Development Co. issued the prospectus for offering 1 million shares on the Nomu- Parallel Market.
The offered shares represent 10% of the company’s share capital.
The company’s current capital is SAR 100 million, divided into 10 million shares with a nominal value of SAR 10 per share.
The share sale will run for five working days from May 19-25, 2025.
The Capital Market Authority (CMA) approved in December the application received from the company to register its shares for direct listing on Nomu.
ASAS Makeen Real Estate Development Co. was established as a limited liability company in 2011 in Riyadh. It later became a closed Saudi joint-stock company.
The company’s current activity is developing and investing in land through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on land owned by it or by third parties.
Company Profile
Company
ASAS Makeen Real Estate Development Co.
Market
Nomu – Parallel Market
Core Activities
Real estate development and investment
Capital
SAR 100 mln
No. of Shares
10 mln shares
Share Par Value
SAR 10
IPO Summary
Issue Percentage
10%
Offered shares
10 mln shares
IPO Minimum Limit
100 shares
IPO Maximum Limit
499990 shares
Offer period
The share sale will run for five working days from May 19-25, 2025.
Final Allocation
May 28, 2025
Refund (if any)
June 1, 2025
Company Shareholders
Shareholders
Before IPO
Post-Offering
No. of Shares
(‘000)
Ownership (%)
No. of Shares
(‘000)
Ownership (%)
Abdulrahman bin Saud Abdulrahman Al-Hadlaq
9600
96%
8640
86.4%
Anas bin Saud Abdulrahman Al-Hadlaq
400
4%
360
3.6%
QFIs
—
—
1000
10%
Total
10000
100%
10000
100%
Additional Information
Financial Advisor and Lead Manager
Yaqeen Capital
Receiving Banks
Derayah Financial, SNB Capital, Al Rajhi Capital, Saudi Fransi Capital, Alinma Capital, Riyad Capital, Aljazira Capital, Alistithmar Capital, Albilad Capital, ANB Capital, SAB Invest, Alkhabeer Capital, Sahm Capital, GIB Capital
