Latest news with #ASASMakeen
Argaam
6 days ago
- Business
- Argaam
ASAS Makeen debuts on Nomu at SAR 80/shr today
Shares of ASAS Makeen Real Estate Development Co. start trading on the Nomu-Parallel Market today, June 16, under the symbol 9640 and ISIN Code SA16AH84MK14, at SAR 80 apiece. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively. For More IPOs The company floated 10% of its SAR 100 million capital, one million shares, on Nomu. The offering was nearly 1949% covered. This is the 16th listing on Nomu in 2025, following Shmoh Almadi Co. debut on Jan. 13, ITMAM Consulting Co. on Jan. 23, Alshehili Co. for Metal Industries and Twareat Medical Care Co. on Jan. 29, Basma Adeem Medical Co. (Smile Care) on Feb. 3, Lamasat Co. on Feb. 9, Hedab Alkhaleej on March 5, RATIO on March 9, Future Vision for Health Training Co. on April 27, Service Equipment Co. on May 4, Dkhoun National Trading Co. on May 20, Adeer Real Estate Co. on May 26, and Axelerated Solutions for Information and Communication Technology Co. on June 1, Al Khuzama Trading Co. on June 2, and Anmat Te chnology for Trading C o. on June 11. Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors. This listing brings the number of Nomu firms to 120, in addition to Alwaha REIT Fund. Company Profile 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 lands through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on plots owned by the company or third parties. Company Shareholders Shareholders Pre-IPO Post-IPO No. of Shares ('000) Ownership (%) No. of Shares ('000) Ownership (%) Abdulrahman bin Saud Abdulrahman Al-Hadlaq 9600 96% 8640 86.4% Anas bin Saud Abdulrahman Al-Hadlaq 400 4% 360 3.6% Qualified investors -- -- 1000 10% Total 10000 100% 10000 100%
Argaam
12-06-2025
- Business
- Argaam
ASAS Makeen to make Nomu debut on June 16
ASAS Makeen Real Estate Development Co. 's shares will list and start trading on the Nomu-Parallel Market on June 16, with the symbol 9640 and ISIN Code SA16AH84MK14. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, the Saudi Exchange (Tadawul) said in a statement today, June 12. Separately, the Securities Depository Center Co. (Edaa) said ASAS Makeen's subscribed securities were deposited today into the accounts of eligible shareholders. According to data available with Argaam, ASAS Makeen floated one million shares on Nomu, at SAR 80 per share, in an offering that ran from May 19 to May 25. The offered shares represented 10% of the company's SAR 100 million share capital, divided into 10 million shares, at a SAR 10 par value. The offering was 1,949.5% oversubscribed.
Argaam
28-05-2025
- 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.
