Logo ofASAS Makeen Real Estate Development Co.
Yaqeen Capital, financial advisor and lead manager for the initial public offering of ASAS Makeen Real Estate Development Co. on the Nomu-Parallel Market, set the offering price at SAR 80 per share, according to a statement to Tadawul. 
The offering period is scheduled to take place from May 19 to May 25.
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.
Logo ofASAS Makeen Real Estate Development Co.
Yaqeen Capital, financial advisor and lead manager for the initial public offering of ASAS Makeen Real Estate Development Co. on the Nomu-Parallel Market, set the offering price at SAR 80 per share, according to a statement to Tadawul.
The offering period is scheduled to take place from May 19 to May 25.
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.
