Logo of Aldyar Alarabiya Real Estate Development Co.
Aldyar Alarabiya Real Estate Development Co. postponed its planned initial public offering (IPO) on Tadawul’s Main Market, Bloomberg reported, citing sources familiar with the matter. 
According to Argaam’s data, the Capital Market Authority (CMA) approved, on Dec. 31, 2025 the company’s application to register and offer 97.5 million shares on the Main Market (TASI), which represented 30% of the company’s capital reaching 325 million shares.
The market regulator stated that the approval would be valid for six months from its resolution date. It shall be deemed cancelled if the offering and listing of the company’s shares were not completed within this period.
The company obtained the CMA’s approval in June 2023 to offer 2.25 million shares on the Nomu-Parallel Market, but it did not proceed with the offering at that time.
Yesterday, Mutlaq Al-Ghowairi Contracting Co. (MGC) said it decided not to proceed with its planned IPO on the Main Market after consulting with its financial advisers.
Logo of Aldyar Alarabiya Real Estate Development Co.
Aldyar Alarabiya Real Estate Development Co. postponed its planned initial public offering (IPO) on Tadawul’s Main Market, Bloomberg reported, citing sources familiar with the matter.
According to Argaam’s data, the Capital Market Authority (CMA) approved, on Dec. 31, 2025 the company’s application to register and offer 97.5 million shares on the Main Market (TASI), which represented 30% of the company’s capital reaching 325 million shares.
The market regulator stated that the approval would be valid for six months from its resolution date. It shall be deemed cancelled if the offering and listing of the company’s shares were not completed within this period.
The company obtained the CMA’s approval in June 2023 to offer 2.25 million shares on the Nomu-Parallel Market, but it did not proceed with the offering at that time.
Yesterday, Mutlaq Al-Ghowairi Contracting Co. (MGC) said it decided not to proceed with its planned IPO on the Main Market after consulting with its financial advisers.
