Logo ofDar Al Majed Real Estate Co. (Al Majdiah)
Shares of Dar Al Majed Real Estate Co. (Al Majdiah) fell by around 6% to SAR 11.99 in their third session on the main market (TASI). 
During today’s session, the stock traded between SAR 11.70 and SAR 12.84. Trading volume reached approximately 4.25 million shares, valued at SAR 51.35 million across 6,773 transactions.
The company’s shares were listed and began trading on Sept.9 under ticker 4326 and international code SA16C0723J17, at an initial price of SAR 14.
The daily price fluctuation limit is +/-30% with a fixed limit of +/-10%, which applies only during the first three days of trading.
From the fourth day onward, the daily fluctuation limit will reset to +/-10% and the fixed limits will be removed.
The company offered 90 million shares in its public offering, representing 30% of its SAR 300 million capital, divided into 300 million shares with a nominal value of SAR 1 per share.
The retail portion was oversubscribed by 278%, with a minimum allocation of 10 shares per eligible subscriber and proportional allocation of the remaining shares at 31.8%. The institutional portion was subscribed 107 times.
Logo ofDar Al Majed Real Estate Co. (Al Majdiah)
Shares of Dar Al Majed Real Estate Co. (Al Majdiah) fell by around 6% to SAR 11.99 in their third session on the main market (TASI).
During today’s session, the stock traded between SAR 11.70 and SAR 12.84. Trading volume reached approximately 4.25 million shares, valued at SAR 51.35 million across 6,773 transactions.
The company’s shares were listed and began trading on Sept.9 under ticker 4326 and international code SA16C0723J17, at an initial price of SAR 14.
The daily price fluctuation limit is +/-30% with a fixed limit of +/-10%, which applies only during the first three days of trading.
From the fourth day onward, the daily fluctuation limit will reset to +/-10% and the fixed limits will be removed.
The company offered 90 million shares in its public offering, representing 30% of its SAR 300 million capital, divided into 300 million shares with a nominal value of SAR 1 per share.
The retail portion was oversubscribed by 278%, with a minimum allocation of 10 shares per eligible subscriber and proportional allocation of the remaining shares at 31.8%. The institutional portion was subscribed 107 times.
