Logo of Umm Al-Qura Development and Construction Co.
The Capital Market Authority (CMA) approved Umm Al-Qura Development and Construction Co.‘s application to register and offer 130.79 million shares, or 9.09% of its capital. 
An investment decision without reading the terms and conditions (TCs) carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the TCs, which include detailed information on the fund, investment strategy, and risk factors.
If the TCs prove difficult to understand, it is recommended to refer to the fund manager for more information.
The CMA stressed that its approval should never be considered as a recommendation to subscribe to the fund and merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
The CMA’s approval is valid for six months and will be cancelled if the offering and listing are not finalized within this period.
Umm Al-Qura Development was established in 2012 and is based in Makkah. The company focuses on developing King Abdulaziz Road, managing properties in the area, converting land into organized plots, and handling construction, demolition, and maintenance, according to Argaam’s data.
The King Abdulaziz Road project is one of Makkah’s largest developments, spanning 3,500 meters from the Third Ring Road intersection with Jeddah Highway to the First Ring Road at Jabal Omar.
It features a pedestrian-only path leading to the Grand Mosque and stretches southward from Umm Al-Qura Road, covering 345 hectares, including proposed public parking at the western roundabout.
Logo of Umm Al-Qura Development and Construction Co.
The Capital Market Authority (CMA) approved Umm Al-Qura Development and Construction Co.‘s application to register and offer 130.79 million shares, or 9.09% of its capital.
An investment decision without reading the terms and conditions (TCs) carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the TCs, which include detailed information on the fund, investment strategy, and risk factors.
If the TCs prove difficult to understand, it is recommended to refer to the fund manager for more information.
The CMA stressed that its approval should never be considered as a recommendation to subscribe to the fund and merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
The CMA’s approval is valid for six months and will be cancelled if the offering and listing are not finalized within this period.
Umm Al-Qura Development was established in 2012 and is based in Makkah. The company focuses on developing King Abdulaziz Road, managing properties in the area, converting land into organized plots, and handling construction, demolition, and maintenance, according to Argaam’s data.
The King Abdulaziz Road project is one of Makkah’s largest developments, spanning 3,500 meters from the Third Ring Road intersection with Jeddah Highway to the First Ring Road at Jabal Omar.
It features a pedestrian-only path leading to the Grand Mosque and stretches southward from Umm Al-Qura Road, covering 345 hectares, including proposed public parking at the western roundabout.
