Initial Public Offering of Asas Makeen Company on the Parallel Market (Nomu)

Asas Makeen Real Estate Development and Investment Company announces the offering of one million shares, representing 10% of its capital, on the Parallel Market “Nomu” at a price of 80 SAR per share.

The offering will take place from May 19 to May 25, 2025. This IPO follows a track record of achievements, during which the company has executed over 80 diverse projects since its inception and achieved profits of 108 million SAR by the end of 2024 a 59% increase compared to 2023.

The Sharia Committee, after reviewing the company’s documents and transactions, has stated that there is no religious objection to subscribing to or investing in the company’s shares. This move represents an exceptional opportunity for those interested in investing in the Saudi real estate sector and contributing to its ongoing growth journey.