Latest news with #ASASMakeen
Argaam
3 days ago
- Business
- Argaam
ASAS Makeen IPO on Nomu 1949% covered
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of ASAS Makeen Real Estate Development Co., announced the completion of the offering on the Nomu -Parallel Market, which was 1949.5% oversubscribed at SAR 80 a share. A total of 19.49 million shares were requested, representing a subscription value of SAR 1.56 billion during the offering period from May 19 to 25, the brokerage said in a statement to Tadawul on May 28. Yaqeen Capital will finalize the required procedures with Tadawul before determining ASAS Makeen's debut date. According to Argaam 's data, ASAS Makeen earlier announced floating 1 million shares on Nomu at a nominal value of SAR 80 each. These shares represent 10% of the company's SAR 100 million capital, divided into 10 million shares at a par value of SAR 10 each.
Argaam
12-05-2025
- Business
- Argaam
ASAS Makeen's Nomu offering price set at SAR 80/share
Yaqeen Capital, financial advisor and lead manager for the initial public offering of ASAS Makeen Real Estate Development Co. on the Nomu -Parallel Market, set the offering price at SAR 80 per share, according to a statement to Tadawul. The offering period is scheduled to take place from May 19 to May 25. For More IPOs 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.
