Logo ofDar Al Majed Real Estate Co.(Al Majdiah)
BSF Capital, in its capacity as the financial advisor, lead manager, and institutional bookrunner for the initial public offering (IPO) of Dar Al Majed Real Estate Co. (Al Majdiah), announced the successful completion of the book-building process for the institutional tranche. 
The final price of the IPO on the Main Market (TASI) was set at SAR 14 per share, with the offering oversubscribed by 107 times.
In its statement, Tadawul said participating entities subscribed to the entire offering, with 90 million ordinary shares allocated to them, representing 100% of the shares offered in the first phase.
Following the successful completion of the book-building process, the company noted that, in the second phase, up to 20% of the total offered shares will be allocated to individual investors.
Logo ofDar Al Majed Real Estate Co.(Al Majdiah)
BSF Capital, in its capacity as the financial advisor, lead manager, and institutional bookrunner for the initial public offering (IPO) of Dar Al Majed Real Estate Co. (Al Majdiah), announced the successful completion of the book-building process for the institutional tranche.
The final price of the IPO on the Main Market (TASI) was set at SAR 14 per share, with the offering oversubscribed by 107 times.
In its statement, Tadawul said participating entities subscribed to the entire offering, with 90 million ordinary shares allocated to them, representing 100% of the shares offered in the first phase.
Following the successful completion of the book-building process, the company noted that, in the second phase, up to 20% of the total offered shares will be allocated to individual investors.
