AI Summary
Logo of Umm Al Qura for Development and Construction Co. (UQDC)
Umm Al Qura for Development and Construction Co. (UQDC) starts trading on the Main Market (TASI) today, March 24, under the symbol 4325 and ISIN Code SA169G7I3IH8, at a price of SAR 15 per share.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.
UQDC is the fifth listing on TASI in 2025 after Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Almoosa Health Co. on Jan. 7, Nice One Beauty Digital Marketing Co. on Jan. 8, and Derayah Financial Co. on March 10.
In 2024, 13 companies listed on Tadawul, in addition to Alistithmar AREIC Diversified REIT Fund.
Following UQDC listing, the number of companies listed on TASI reached 234, along with 19 real estate traded funds.
The company offered 130.79 million shares, or 9.09% of its capital, on TASI. It allocated 90% of the shares on offer to institutional investors, while the remaining 10% was set aside for retail investors.
The retail IPO was 20x covered, with retail requests of nearly SAR 3.93 billion.
Meanwhile, institutional IPO was 241x oversubscribed. A minimum of 10 shares was allocated to each investor, while the remaining shares will be allocated on pro rata, with an average allocation factor of 1.03%.
Company info
UQDC is a closed joint-stock company in Saudi Arabia, established in 2012 by royal decree. It develops real estate assets along King Abdulaziz Road in Makkah, acquiring, managing, investing in, selling, and leasing properties under the "MASAR" brand.
The company’s activities include land acquisition, sales, subdivision, off-plan sales, and property management. It also handles residential and commercial construction, including schools, hospitals, hotels, roads, bridges, and tunnels.
UQDC’s current capital stands at SAR 14.39 billion, divided into 1.44 billion shares, at SAR 10 per share.
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Company Profile |
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Company |
Umm Al-Qura for Development & Construction Co. (UQDC) |
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Core Activities |
Real estate development and construction. The company owns MASAR Destination project |
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Pre-IPO Capital |
SAR 13.08 bln |
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Post-IPO Capital |
SAR 14.39 bln |
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Number of Shares before IPO |
1.31 bln |
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Number of Shares after IPO |
1.44 bln |
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Share Par Value |
SAR 10 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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General Organization for Social Insurance |
345.98 |
26.45% |
345.98 |
24.05% |
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Public Investment Fund |
282.30 |
21.59% |
282.30 |
19.62% |
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Dallah Albaraka Holding |
103.11 |
7.88% |
103.11 |
7.17% |
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Abdullah Saleh Abdullah Kamel* |
56.30 |
4.30% |
56.30 |
3.91% |
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Real Estate Development Co.* |
53.22 |
4.07% |
53.22 |
3.70% |
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Dallah Trans Arabia Co.* |
43.00 |
3.29% |
43.00 |
2.99% |
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Mabahij Al Arabia for Real Estate Development Co. Ltd.* |
38.78 |
2.97% |
38.78 |
2.70% |
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Al Mawajid International for Real Estate Development Co. Ltd. |
13.37 |
1.02% |
13.37 |
0.93% |
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Muhiyuddin Saleh Abdullah Kamel* |
12.19 |
0.93% |
12.19 |
0.85% |
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Abdullah Mohammed Abdo Abdullah Yamani* |
10.20 |
0.78% |
10.20 |
0.71% |
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Dallah Al Baraka Investment Holding Co.* |
0.40 |
0.03% |
0.40 |
0.028% |
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Yasser Abdulaziz Mohammed Abu Ateek |
0.10 |
0.01% |
0.10 |
0.007% |
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Current shareholders classified as the public |
348.90 |
26.68% |
348.90 |
24.25% |
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Public |
- |
-- |
130.79 |
9.09% |
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Total |
1,307.86 |
100% |
1,438.67 |
100% |
*Shareholders acting in concert
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