Alramz Real Estate Co. launches a three-day retail offering that will close on Dec. 9.
Retail investors begin subscribing today, Dec. 7, to 2.57 million shares of Alramz Real Estate Co. on the Main Market (TASI) at SAR 70 per share, set through the book-building process. 
The retail offering will run for three days, until Dec. 9, and represents 20% of the total shares on offer.
On June 30, the Capital Market Authority (CMA) approved Alramz’s application to float 30 million shares on TASI, representing 30% of its SAR 428.57 million capital, divided into 42.86 million shares at a par value of SAR 10 each. The company’s institutional offering, which concluded last week, was 11.1 times oversubscribed.
This is the 13th IPO on TASI this year afterDerayah Financial Co.on Feb. 20, Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 26, and Umm Al Qura for Development and Construction Co. (Masar) on May 5. This is in addition to United Carton Industries Co. (UCIC) on May 27,flynas Co.on June 18, Specialized Medical Co. (SMC) on June 25,Sport Clubs Co.on July 8, Dar Al Majed Real Estate Co. (Al Majdiah) on Aug. 14,Marketing Home Group for Trading Co.on August 19,Cherry Trading Co.on Nov. 12,Almasar Alshamil Education Co.on Nov. 18, and Consolidated Grünenfelder Saady Holding Co. (CGS)on Nov. 26.
Tadawul witnessed 14 IPOs last year, following listings byMiddle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5, United International Holding Co. (Tasheel) on Nov. 19,Almoosa Health Co.on Dec. 23, andNice One Co.on Dec. 24.
Alramz had previously withdrawn from listing on the Nomu-Parallel Market in 2022 after the subscription date for qualified investors in 3.3 million shares had been set, with a price range of SAR 61 to SAR 67 per share.
Alramz Real Estate Co. launches a three-day retail offering that will close on Dec. 9.
Retail investors begin subscribing today, Dec. 7, to 2.57 million shares of Alramz Real Estate Co. on the Main Market (TASI) at SAR 70 per share, set through the book-building process.
The retail offering will run for three days, until Dec. 9, and represents 20% of the total shares on offer.
On June 30, the Capital Market Authority (CMA) approved Alramz’s application to float 30 million shares on TASI, representing 30% of its SAR 428.57 million capital, divided into 42.86 million shares at a par value of SAR 10 each. The company’s institutional offering, which concluded last week, was 11.1 times oversubscribed.
This is the 13th IPO on TASI this year afterDerayah Financial Co.on Feb. 20, Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 26, and Umm Al Qura for Development and Construction Co. (Masar) on May 5. This is in addition to United Carton Industries Co. (UCIC) on May 27,flynas Co.on June 18, Specialized Medical Co. (SMC) on June 25,Sport Clubs Co.on July 8, Dar Al Majed Real Estate Co. (Al Majdiah) on Aug. 14,Marketing Home Group for Trading Co.on August 19,Cherry Trading Co.on Nov. 12,Almasar Alshamil Education Co.on Nov. 18, and Consolidated Grünenfelder Saady Holding Co. (CGS)on Nov. 26.
Tadawul witnessed 14 IPOs last year, following listings byMiddle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5, United International Holding Co. (Tasheel) on Nov. 19,Almoosa Health Co.on Dec. 23, andNice One Co.on Dec. 24.
Alramz had previously withdrawn from listing on the Nomu-Parallel Market in 2022 after the subscription date for qualified investors in 3.3 million shares had been set, with a price range of SAR 61 to SAR 67 per share.
