Stay Ahead: Al Ramz IPO Launches Soon – Over 40 Projects, 8,000+ Units Developed – Find Out More!
Tadawul IPO Index TIPOC.SA | 4016.31 | -0.70% |
Tadawul All Shares Index TASI.SA | 11268.38 | -0.07% |
Al Ramz IPO Overview
Al Ramz Real Estate Company has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange (Tadawul).
- Retail Subscription Starts: December 7, 2025 (16/06/1447H)
- Total Shares Offered: 12,857,143 shares
- Ownership Stake: 30% of post-capital increase share capital (43% pre-capital increase)
- Institutional Book-Building: November 23-27, 2025 (02-06/06/1447H)
On June 30, 2025, the Capital Market Authority (CMA) approved the Company's application to register its shares and proceed with the offering of 12,857,143 shares on Tadawul's Main Market.
The Company has outlined a clear allocation plan for the IPO proceeds:
- 37% - Project development
- 36% - Financing investments in new real estate funds for specific projects
- 23% - General corporate purposes
- 4% - IPO-related expenses
Introducing the new IPO feature on Sahm platform: A step-by-step guide to subscribing to the IPO
IPO Summary
| Category | Details |
|---|---|
| Company Name | Al Ramz Real Estate Co. |
| Market | Main Market (TASI) |
| Core Activities | Construction and Real Estate Management |
| Company’s Capital Pre-Offering | SAR 300 Million |
| Company’s Capital Post-Offering | SAR 428.57 Million |
| Total Shares Pre-Offering | 30 Million |
| Total Shares Post-Offering | 42.86 Million |
| Par Value | SAR 10 per share |
| Issue Percentage | The Offer Shares represent 30% of the Company’s capital post-capital increase (which represents 43% of the Company’s capital pre-capital increase). |
| Number of Offered Shares | 12.86 Million |
| Qualified Subscribers | Participating institutions & Retail investors |
| Total Number of Shares Offered to Retail Investors | 2.57 Million shares (20% of the offering size) |
| Minimum Number of Offer Shares to be Applied for by Individual Investors | 10 shares |
| Maximum Number of Offer Shares to be Applied for by Individual Investors | 250,000 shares |
| Minimum Number of Offer Shares to be Applied for by Institutional Investors | 50,000 shares |
| Maximum Number of Offer Shares to be Applied for by Institutional Investors | 2.14 Million shares |
About Al Ramz Real Estate Company:
Al Ramz Real Estate Company commenced operations in Riyadh in 2016, established by shareholders bringing over fifty years of combined experience in the real estate sector. The Company transitioned to a closed joint stock company in 2021 with a capital of SAR 300 million, marking a significant milestone in its growth trajectory.
Business Overview and Market Position
Al Ramz has positioned itself as a prominent player in the Saudi real estate market, built on a foundation of quality, innovation, and excellence in real estate development. The Company has earned recognition for delivering high-quality residential and commercial projects designed to meet the demands and aspirations of modern Saudi society.
Portfolio and Operations
The Company has developed a substantial real estate portfolio comprising:
- Over 40 projects (completed and ongoing)
- More than 8,000 units in total
- Geographic focus: High-demand neighborhoods in Riyadh and Al-Khobar
- Project types: Villas, apartments, commercial units, and mixed-use developments
Development Models
Al Ramz operates through flexible development structures:
- Sole ownership projects
- Developer and co-owner arrangements
- Developer-only roles
This diversified approach enables the Company to undertake large-scale projects requiring substantial funding beyond its organic capacity.
Development Philosophy
The Company emphasizes creating "vibrant societies" through meticulously planned residential amenities. Al Ramz combines advanced engineering and construction techniques with sustainable practices to deliver spaces that meet high standards of quality and durability. The Company leverages its deep understanding of real estate market dynamics and Saudi Arabia's expanding urban landscape to guide its strategic development decisions.
Information above is sourced and summarised from the company's Prospectus.
Investor Groups
The Offering is structured for two distinct investor groups:
A. Participating Parties (Institutional Investors)
Eligible Investors: Parties qualified to participate in the book-building process according to the Book-Building Instructions.
Initial Allocation:
- 12,857,143 Ordinary Shares (100% of total Offer Shares)
Allocation Flexibility:
- Can be reduced to a minimum of 10,285,714 Ordinary Shares (80% of total) if there is sufficient demand from Individual Subscribers
- The Financial Advisor, in coordination with the Company, may determine not to allocate shares to certain Participating Parties
Public Funds Sub-Category:
- Initial allocation: 3,857,143 Ordinary Shares (30% of total Offer Shares), subject to sufficient demand
- Can be reduced to a minimum of 3,085,714 Ordinary Shares (24% of total) if there is strong demand from Individual Subscribers
B. Individual Subscribers (Retail Investors)
Eligible Investors:
- Saudi Arabian nationals
- Saudi female divorcees or widows with minor children from non-Saudi marriages (can subscribe in their own name or their minor children's names, with required documentation)
- Non-Saudi nationals residing in Saudi Arabia
- GCC nationals
Requirements:
- Must have an investment account and active investment portfolio with a Receiving Agent
Allocation:
- Maximum of 2,571,429 Ordinary Shares (20% of total Offer Shares)
- If retail demand is insufficient, the Lead Manager may proportionally reduce this allocation
Important Restrictions:
- Subscription by a person in the name of his divorcee is invalid and subject to regulatory enforcement
- Duplicate subscriptions are prohibited; only the first subscription will be accepted, and subsequent subscriptions will be deemed void
Shareholder Structure
Substantial Shareholder and Ownership Percentages held thereby Pre- and Post-Offering
| Shareholder Name | Pre-Offering | Post-Offering | ||||
|---|---|---|---|---|---|---|
| No. of Shares | Direct Ownership | Par Value (SAR) | No. of Shares | Direct Ownership | Par Value (SAR) | |
| Rasheed Abdulrahman Nasser Al-Rasheed | 24,000,012 | 80.00% | 240,000,120 | 24,000,012 | 56.00% | 240,000,120 |
Source: the Company
Expected Offering Timetable
| Date | Event |
|---|---|
| Offering Period for Participating Parties and Book-Building Process | Five days commencing on Sunday, 02/06/1447H (corresponding to 23/11/2025G) and ending at 5:00 p.m. on Thursday, 06/06/1447H (corresponding to 27/11/2025G). |
| Submission Period for Individual Subscribers | Three business days commencing on Sunday, 16/06/1447H (corresponding to 07/12/2025G) and ending at 3:00 p.m. on Tuesday, 18/06/1447H (corresponding to 09/12/2025G). |
| Deadline for submission of Subscription Application Forms by Participating Parties based on the initial allocation of Offer Shares | Thursday, 13/06/1447H (corresponding to 04/12/2025G). |
| Deadline for submission of Subscription Application Forms and payment of the subscription monies by Individual Subscribers | Tuesday, 18/06/1447H (corresponding to 09/12/2025G). |
| Deadline for payment of subscription money by Participating Parties based on their initially allocated Offer Shares | Sunday, 16/06/1447H (corresponding to 07/12/2025G). |
| Announcement of final Offer Shares allotment | Monday, 24/06/1447H (corresponding to 15/12/2025G). |
| Refund of excess subscription monies (if any) | No later than Tuesday, 25/06/1447H (corresponding to 16/12/2025G). |
| Expected trading commencement date for the Shares on the Exchange | Trading of the Offer Shares on the Exchange is expected to commence after all relevant legal requirements and procedures have been fulfilled. Trading will be announced in local newspapers and on the Saudi Exchange website (www.saudiexchange.sa). |
Note: The above timetable and dates therein are indicative. Actual dates will be communicated in local daily newspapers and on the Saudi Exchange website (www.saudiexchange.sa), the Company’s website (https://Al-Ramzre.com) and the website of the Financial Advisor (www.alahlicapital.com).
Introducing the new IPO feature on Sahm platform: A step-by-step guide to subscribing to the IPO
Click to read the full Prospectus
Further updates regarding this IPO will be provided as more information becomes available.