Logo ofSinad Holding Co.
Sinad Holding Co. committed to subscribe as a cornerstone investor for approximately 6.67 million shares in Dar Al Majed Real Estate Co. (Al Majdiah) initial public offering (IPO), representing around 2.22% of the company’s capital. 
Al Majdiah stated in its supplementary prospectus that both the company and the selling shareholders have agreed to allocate these shares to Sanad Holding as a cornerstone investor in the offering.
In a statement to Tadawul, the company said that this strategic direction by Sinad Holding aligns with its broader objective to strengthen and diversify its investment portfolio through opportunities that contribute to maximizing returns for the company and its shareholders.
Any material developments in this regard will be announced in due course, the statement added.
Al Majdiah intends to float 90 million shares on TASI, representing 30% of its capital. The company’s capital stands at SAR 300 million, divided into 300 million shares at a nominal value of SAR 1 apiece, according to Argaam data.
The retail subscription period will take place during Aug. 14-18, 2025. As many as 18 million shares (20% of total offered shares) were allocated to individual investors. Al Majdiah set the price range of its IPO between SAR 13.5-14 per share.
Logo ofSinad Holding Co.
Sinad Holding Co. committed to subscribe as a cornerstone investor for approximately 6.67 million shares in Dar Al Majed Real Estate Co. (Al Majdiah) initial public offering (IPO), representing around 2.22% of the company’s capital.
Al Majdiah stated in its supplementary prospectus that both the company and the selling shareholders have agreed to allocate these shares to Sanad Holding as a cornerstone investor in the offering.
In a statement to Tadawul, the company said that this strategic direction by Sinad Holding aligns with its broader objective to strengthen and diversify its investment portfolio through opportunities that contribute to maximizing returns for the company and its shareholders.
Any material developments in this regard will be announced in due course, the statement added.
Al Majdiah intends to float 90 million shares on TASI, representing 30% of its capital. The company’s capital stands at SAR 300 million, divided into 300 million shares at a nominal value of SAR 1 apiece, according to Argaam data.
The retail subscription period will take place during Aug. 14-18, 2025. As many as 18 million shares (20% of total offered shares) were allocated to individual investors. Al Majdiah set the price range of its IPO between SAR 13.5-14 per share.
