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Addendum Announcement to the Price Range and Start of Institutional Book-building Period for the Initial Public Offering of Dar AlMajid Real Estate Company
| Element List | Explanation |
|---|---|
| Announcement Detail | - Further to Saudi Fransi Capital’s announcement of the price range and start of Institutional book-building period for the Initial Public Offering of Dar AlMajid Real Estate Company (“AlMajdiah” or the “Company”), Saudi Fransi Capital announces on behalf of AlMajdiah in its capacity as Sole Financial Advisor, Lead Manager, Underwriter and Bookrunner on the Initial Public Offering of AlMajdiah (the “Offering”), the binding undertaking submitted by Sinad Holding Company (the “Cornerstone Investor”), in which the Cornerstone Investor committed to subscribe to 6,666,666 Offer Shares at the Offering price (representing 2.22% of the Company’s share capital), and accordingly the publication of the supplementary prospectus. - The price range for the Offering has been set at SAR (13.50) to SAR (14.00) per share (the “Price Range”) - The offering is comprised of 90,000,000 ordinary shares representing 30% of the share capital of the Company. - The minimum number of offer shares to be applied for by participating entities is 250,000 ordinary shares, while the maximum number of shares is 14,999,999 ordinary shares. - The participation in the book-building process is confined to the participating parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority. - The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the retail subscription representing 20% of the total initial public offering shares will be offered to individual subscribers. - In the event there is sufficient demand by Individual Subscribers, the Financial Advisor, in coordination with the Company, shall have the right to reduce the number of Offer Shares allocated to Participating Parties to a minimum of seventy-two million (72,000,000) Ordinary Shares, representing eighty percent (80%) of the total Offer Shares, provided that such claw-back shall not apply to the Cornerstone Investor and the final allocation to the Cornerstone Investor shall be six million sixty-six thousand six hundred sixty-six (6,666,666) Offer Shares in all cases. - Bidding and book-building period for Institutional Tranche: starts on Tuesday 29/07/2025G until 3:00 pm on Monday 04/08/2025G. For more information and for the prospectus or supplementary prospectus, please visit the Capital Market Authority website www.cma.org.sa, Company’s website www.AlMajdiah.com, and Saudi Fransi Capital website www.bsfcapital.sa. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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