Sinad Holding subsidiary holds 13.8M shares in Umm Al Qura for Development

03/02/2025 Argaam
Logo ofSinad Holding Co.

Logo of Sinad Holding Co.

Sinad Holding Co. said it owns 13.37 million shares worth SAR 133.72 million in Umm Al Qura for Development and Construction Co., through its 100%-owned subsidiary, Al Mawajed International for Real Estate Development Co.

 

In a statement on Tadawul today, Feb. 3, the company expected the planned IPO of Umm Al Qura for Development to have a positive financial impact.

 

For more news on listed companies

 

Umm Al Qura for Development, the owner and developer of MASAR destination, plans to float 130.79 million shares on the Main Market (TASI), according to Argaam’s data.

 

The offered shares represent nearly 9.09% and 10% of the company’s post- and pre-IPO capital, respectively.

 

The subscription period will run for three working days from March 5-9.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.