The Shari’ah Committee of Asas Makeen Real Estate Development and Investment Company has confirmed that the company’s objectives, assets, and liabilities do not involve anything that contradicts the provisions of Islamic Shari’ah. Therefore, there is no Shari’ah objection to subscribing to its shares. The committee consists of a distinguished group of scholars specialized in Islamic jurisprudence and financial transactions, and it continues to supervise the company’s compliance with Shari’ah guidelines. Shari’ah Committee of Asas Makeen Real Estate Development and Investment Company: • Sheikh Prof. Dr. Saad Al-Khathlan (Chairman of the Committee) • Sheikh Dr. Mohammed Al-Fuzai (Committee Member) • Sheikh Fahad Al-Kathiri (Committee Member)
We are pleased to announce that Saudi Tadawul has confirmed the listing and commencement of trading for Asas Makeen Real Estate Development and Investment Company on the Parallel Market “Nomu”, starting on Monday, June 16, 2025, under the trading symbol 9640.
Asas Makeen Real Estate Development and Investment Company congratulates you on the occasion of Eid Al-Adha. May you have a blessed year.
A day worthy of its virtues being perfumed with supplications on our tongues
In an achievement that reflects investor confidence and reinforces leadership and excellence, Asas Makeen recorded an exceptional oversubscription on the Nomu Parallel Market, reaching 1949% with a total value exceeding SAR 1.59 billion. At Asas Makeen, we are rewriting the numbers with your trust to meet your aspirations.
Asas Makeen Real Estate Development and Investment Company announces the offering of one million shares, representing 10% of its capital, on the Parallel Market “Nomu” at a price of 80 SAR per share.<br /> <br /> The offering will take place from May 19 to May 25, 2025. This IPO follows a track record of achievements, during which the company has executed over 80 diverse projects since its inception and achieved profits of 108 million SAR by the end of 2024 a 59% increase compared to 2023.<br /> <br /> The Sharia Committee, after reviewing the company’s documents and transactions, has stated that there is no religious objection to subscribing to or investing in the company’s shares. This move represents an exceptional opportunity for those interested in investing in the Saudi real estate sector and contributing to its ongoing growth journey.