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.
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.
