Saudi Arabia’s push too bolster its stock market adn diversify its economy continues with the planned initial public offering of Al Emkan Real Estate. Al Emkan real Estate is looking to raise capital through the sale of 30% of its shares on the Tadawul Main Market, with book-building begining November 23, 2025. The offering, managed by Al ahli Financial Company, signals ongoing momentum in the Kingdom’s efforts to attract investment and deepen its capital markets.
شعار شركة الرمز للعقارات
Al Ahli Financial Company, acting as the lead manager, financial advisor, and book-building manager for the potential initial public offering (IPO) of Al Emkan Real Estate, has announced a price range of 67 to 70 Saudi Riyals per share.
The company stated in a disclosure to the Saudi stock exchange, Tadawul, that the book-building period for participating investors will begin on Sunday, November 23, 2025, and conclude at 5:00 PM Saudi time on Thursday, November 27, 2025.
According to data from Argaam, Al Emkan Real Estate intends to offer 30% of its shares on the Tadawul Main Market through the issuance of 12.86 million new shares, representing 30% of the company’s capital after an increase.
The company’s current capital stands at 300 million Saudi Riyals, divided into 30 million shares with a nominal value of 10 Saudi Riyals per share. Following the completion of the subscription, the capital will increase to 428.57 million Saudi Riyals, comprising 42.86 million shares.
The subscription period for individual investors will commence on Sunday, December 7, 2025, and end at 3:00 PM on Tuesday, December 9, 2025, with 20% of the total offered shares allocated to them.
The planned IPO comes as Saudi Arabia continues to encourage listings on the Tadawul, aiming to diversify the Kingdom’s economy and deepen its capital markets.
