ASAS Makeen's Nomu offering price set at SAR 80/share
The offering period is scheduled to take place from May 19 to May 25.
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According to data compiled by Argaam, Makeen plans to offer one million ordinary shares—representing 10% of its capital—at a par value of SAR 10 each to qualified investors.
ASAS Makeen was established as a limited liability company in 2011 in Riyadh. It later transformed into a closed Saudi joint-stock company.
Its current actual business activity is developing and investing in land plots through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on plots owned by the company or by third parties.
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