List of receiving entities for Umm Al Qura for Development IPO

05/03/2025 Argaam

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Logo ofUmm Al Qura for Development and Construction Co.

Logo of Umm Al Qura for Development and Construction Co. 

Retail investors began today, March 5, subscribing to 13.08 million shares of Umm Al Qura for Development and Construction Co. at SAR 15 per share, as determined through the book-building process.

 

For More IPOs

 

The company decided to float 130.79 million shares, or 9.09% of its share capital, at a nominal value of SAR 10 per share, data available with Argaam showed.

 

The receiving entities are Derayah Financial, Albilad Capital, GIB Capital, Al Rajhi Capital, SNB Capital, SAB Invest, BSF Capital, ANB Capital, AlJazira Capital, Riyad Capital, Alinma Investment, Yaqeen Capital, Alkhabeer Capital, Sahm Capital and Alistithmar Capital.

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