IssuerAnnouncementDetailsV2Portlet
Sinad Holding Company announces that it has committed to subscribe as the cornerstone investor with a total of 6,666,666 shares in the initial public offering of Dar Al Majed Real Estate Company (Almajdiah).
Element List | Explanation |
---|---|
Introduction | With reference to the announcement of Sinad Holding Company published on 30-07-2025 regarding its commitment to subscribe as the cornerstone investor with a total of 6,666,666 shares in the initial public offering of Dar Al Majed Real Estate Company (Almajdiah), representing approximately 2.22% of its share capital, the Company announces that the final offering price has been set at SAR 14 per share, and in line with its commitment, the Company has subscribed to the full number of shares committed and paid the total subscription amount of SAR 93.3 million, and the Company was informed, on 20-08-2025, that the full allocation of the subscribed shares, as detailed above, has been confirmed. |
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-07-30 Corresponding to 1447-02-05 |
Hyperlink to the Previous Announcement | Click Here |
Change on the Development | The final offering price has been set at SAR 14 per share, and in line with its commitment, the Company has subscribed to the full number of shares committed and paid the total subscription amount of SAR 93.3 million, and the Company was informed, on 20/08/2025, that the full allocation of the subscribed shares, as detailed above, has been confirmed. |
Financial Impact on the change | None |
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.