Umm Al Qura for Development debuts on TASI today at SAR 15/share

Argaam

28-03-2025

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.
For More IPOs
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.
Company Profile
Company
Umm Al-Qura for Development & Construction Co. (UQDC)
Core Activities
Pre-IPO Capital
SAR 13.08 bln
Post-IPO Capital
SAR 14.39 bln
Number of Shares before IPO
1.31 bln
Number of Shares after IPO
1.44 bln
Share Par Value
SAR 10
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
General Organization for Social Insurance
345.98
26.45%
345.98
24.05%
Public Investment Fund
282.30
21.59%
282.30
19.62%
Dallah Albaraka Holding
103.11
7.88%
103.11
7.17%
Abdullah Saleh Abdullah Kamel*
56.30
4.30%
56.30
3.91%
Real Estate Development Co.*
53.22
4.07%
53.22
3.70%
Dallah Trans Arabia Co.*
43.00
3.29%
43.00
2.99%
Mabahij Al Arabia for Real Estate Development Co. Ltd.*
38.78
2.97%
38.78
2.70%
Al Mawajid International for Real Estate Development Co. Ltd.
13.37
1.02%
13.37
0.93%
Muhiyuddin Saleh Abdullah Kamel*
12.19
0.93%
12.19
0.85%
Abdullah Mohammed Abdo Abdullah Yamani*
10.20
0.78%
10.20
0.71%
Dallah Al Baraka Investment Holding Co.*
0.40
0.03%
0.40
0.028%
Yasser Abdulaziz Mohammed Abu Ateek
0.10
0.01%
0.10
0.007%
Current shareholders classified as the public
348.90
26.68%
348.90
24.25%
Public
-
--
130.79
9.09%
Total
1,307.86
100%
1,438.67
100%