Dar Al Majed Real Estate Co. published its IPO prospectus to offer 90 million shares on the Main Market (TASI). 
The offered shares represent 30% of the company’s capital, which stands at SAR 300 million, divided into 300 million shares, with a nominal value of SAR 1 each.
The retail subscription period will run from Aug. 14-18.
According to the prospectus, the book-building process and institutional subscription period will run from July 29 to August 4.
The Capital Market Authority (CMA) approved the offering on March 20, 2025.
The IPO will be limited to two categories of investors:
Tranche A: Participating parties that include entities eligible to participate in the book-building process such as investment funds, companies, qualified foreign investors (QFIs), GCC corporate investors, and others through swap agreements.
This tranche was allocated 100% of the offered shares (90 million shares). The lead manager has the right to reduce this allocation to 72 million shares (or 80% of the total offering) depending on individual investor demand.
Tranche B: Retail investors that include Saudi natural persons, resident non-Saudi individuals, and GCC nationals who have active investment accounts and portfolios with receiving agents licensed by the CMA. Up to 18 million shares will be allocated to this tranche, representing 20% of the offering.
Company Profile
Dar Al Majed Real Estate is a closed joint stock company, with a commercial registration No.: 1010417874. It was established in 2014, and converted in 2023 from a limited liability company to a closed joint-stock company. The firm has issued capital of SAR 300 million. Headquartered in Riyadh, the company mainly operates in the real estate activities.
Company Info
Company
Dar Al Majed Real Estate Co.
Business
Real Estate
Capital
SAR 300 mln
No. of Shares
300 mln
Nominal Value
SAR 1/share
IPO Info
Offering Size
90 mln shares
Offering Percentage
30% of total capital
Individual Investors Allocation
18 mln shares (20%)
Minimum Subscription (Institutions)
250,000 shares
Maximum Subscription (Institutions)
14.99 mln shares
Minimum Subscription (Individuals)
10 shares
Maximum Subscription (Individuals)
2.5 mln shares
Retail Subscription Period
Aug. 14–18
Final Allocation Announcement
Aug. 20
Surplus Refund (if any)
Aug. 21
Major Shareholders
Shareholders
Pre-IPO
Post-IPO
No. of Shares (mln)
Ownership Percentage
No. of Shares (mln)
Ownership Percentage
Dar Al Majed Holding
173.25
57.57%
121.27
40.43%
Rafid Al-Haditha Investment Co.
22.5
7.5%
15.75
5.25%
AWJ for Development Investment
22.5
7.5%
15.75
5.25%
Other Shareholders
81
27.43%
57.23
19.1%
Public (IPO)
—
—
90
30.0 %
Total
300
100 %
300
100 %
Additional Info
Financial Advisor, Lead Manager, Underwriter, and Bookrunner
Saudi Fransi Capital
Receiving Entities
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Saudi Fransi Capital, Yaqeen Capital, Albilad Capital, Musharaka Capital, EFG Hermes KSA, and Awaed Capital.
Dar Al Majed Real Estate Co. published its IPO prospectus to offer 90 million shares on the Main Market (TASI).
The offered shares represent 30% of the company’s capital, which stands at SAR 300 million, divided into 300 million shares, with a nominal value of SAR 1 each.
The retail subscription period will run from Aug. 14-18.
According to the prospectus, the book-building process and institutional subscription period will run from July 29 to August 4.
The Capital Market Authority (CMA) approved the offering on March 20, 2025.
The IPO will be limited to two categories of investors:
Tranche A: Participating parties that include entities eligible to participate in the book-building process such as investment funds, companies, qualified foreign investors (QFIs), GCC corporate investors, and others through swap agreements.
This tranche was allocated 100% of the offered shares (90 million shares). The lead manager has the right to reduce this allocation to 72 million shares (or 80% of the total offering) depending on individual investor demand.
Tranche B: Retail investors that include Saudi natural persons, resident non-Saudi individuals, and GCC nationals who have active investment accounts and portfolios with receiving agents licensed by the CMA. Up to 18 million shares will be allocated to this tranche, representing 20% of the offering.
Company Profile
Dar Al Majed Real Estate is a closed joint stock company, with a commercial registration No.: 1010417874. It was established in 2014, and converted in 2023 from a limited liability company to a closed joint-stock company. The firm has issued capital of SAR 300 million. Headquartered in Riyadh, the company mainly operates in the real estate activities.
Company Info
Company
Dar Al Majed Real Estate Co.
Business
Real Estate
Capital
SAR 300 mln
No. of Shares
300 mln
Nominal Value
SAR 1/share
IPO Info
Offering Size
90 mln shares
Offering Percentage
30% of total capital
Individual Investors Allocation
18 mln shares (20%)
Minimum Subscription (Institutions)
250,000 shares
Maximum Subscription (Institutions)
14.99 mln shares
Minimum Subscription (Individuals)
10 shares
Maximum Subscription (Individuals)
2.5 mln shares
Retail Subscription Period
Aug. 14–18
Final Allocation Announcement
Aug. 20
Surplus Refund (if any)
Aug. 21
Major Shareholders
Shareholders
Pre-IPO
Post-IPO
No. of Shares (mln)
Ownership Percentage
No. of Shares (mln)
Ownership Percentage
Dar Al Majed Holding
173.25
57.57%
121.27
40.43%
Rafid Al-Haditha Investment Co.
22.5
7.5%
15.75
5.25%
AWJ for Development Investment
22.5
7.5%
15.75
5.25%
Other Shareholders
81
27.43%
57.23
19.1%
Public (IPO)
—
—
90
30.0 %
Total
300
100 %
300
100 %
Additional Info
Financial Advisor, Lead Manager, Underwriter, and Bookrunner
Saudi Fransi Capital
Receiving Entities
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Saudi Fransi Capital, Yaqeen Capital, Albilad Capital, Musharaka Capital, EFG Hermes KSA, and Awaed Capital.
