Asas Makeen, a leading investment and real estate development company, launches Diriyah-inspired architectural identity in its "Makeen 37" project. This innovative and unique design approach coincides with the 93rd Saudi National Day, marking the first time such a model has been applied to luxury residential apartment projects, which Asas Makeen is unveiling in multiple locations across North Riyadh. The launch of Diriyah’s architectural identity by Asas Makeen is part of a broader visual identity that reflects the authentic heritage and showcases architectural and engineering features of local traditions. These elements are inspired by the historical identity of Riyadh, aligning with the visual identity strategy announced by the Riyadh Municipal Council. Asas Makeen is known for delivering residential models with architectural designs that embrace the latest practices in engineering and aesthetic excellence. The company has injected over 2,500 luxury residential units into the market through more than 50 comprehensive projects located in prime areas of North Riyadh, demonstrating a commitment to innovation and creativity in meeting the demands of the real estate market. With over 13 years of experience in real estate investment and development, Asas Makeen was founded in 2010 and launched its first development project that same year. Over the years, the company has achieved numerous successes, establishing itself as a key player in Riyadh’s real estate development sector.
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.