Yaqeen Capital has announced the offering price of Asas Makeen’s shares at SAR 80 per share on the parallel market “Nomu.” A total of 1,000,000 shares will be offered to qualified investors, with the book-building period set from May 19 to May 25, 2025.<br /> <br /> <a href="https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details?&anCat=123&anId=87236&locale=ar">More Details</a>
Asas Makeen Real Estate Development and Investment Company has signed a contract for the execution of a residential project with First Avenue for Real Estate Development. This is part of the company’s strategy to expand in the real estate development sector by offering quality projects that meet the market needs in the Kingdom of Saudi Arabia.<br /> <br /> The contract involves executing the “Jada Al-Hada” residential project in Riyadh, covering an area of 23,199.09 square meters. The project aims to create residential units with high standards of quality and urban integration, in line with customer expectations, while enhancing the concept of a comprehensive residential experience.<br /> <br /> This collaboration is part of Asas Makeen’s plans to expand its presence in the housing sector and deliver projects that contribute to the growth of the real estate development market and improve the quality of its products. This contract, which spans 15 months, is expected to have a positive and sustainable impact, benefiting both parties.
Asas Makeen Real Estate Development and Investment Company has signed a Memorandum of Understanding with Abdulaziz and Saad Al-Mujil Trading and Investment Company as part of its strategy to expand in the real estate development sector and deliver projects that enhance the quality of life.
Asas Makeen for Development and Real Estate Investment has signed a Memorandum of Understanding with Al-Bait Financial House – one of Kuwait’s leading investment firms – with the aim of developing high-quality residential complexes in Riyadh. The joint investment will focus on land acquisition and development, executing projects that meet the aspirations of the Saudi market.
