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Saudi Arabia's Dar AlMajed plans to list 30% stake via IPO
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Saudi Arabia's Dar AlMajed plans to list 30% stake via IPO
Jul 22, 2025 6:57 AM

DUBAI, July 22 (Reuters) - Saudi Arabia's Dar AlMajed

Real Estate Company is planning to list a 30% stake on the Gulf

country's main bourse through an initial public offering, it

said on Tuesday, as more firms in the kingdom pursue a public

listing.

The company is offering 90 million shares to investors and

the final price for the offering will be determined through a

book-building period running from July 29 to August 4, it said

in a statement.

The company has appointed Saudi Fransi Capital (BSF Capital)

as financial advisor for the IPO.

(Reporting by Federico Maccioni, editing by Emelia

Sithole-Matarise)

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