First published: 15-Jun-2026 12:24:31

Amna Assem

Saudi real estate development company Masqa Investment plans to raise about 66.7 million riyals ($17.8 million) from a planned initial public offering (IPO) on the parallel market "Nomu", according to a statement issued by Yaqeen Financial, the financial advisor and lead manager for the potential offering, to the Saudi Stock Exchange on Sunday.

Quick backgrounds

Masqa had previously announced its intention to increase its capital by offering approximately 11.1 million shares, representing 10% of its total capital after the offering, after obtaining regulatory approvals, thus increasing the number of shares from 100 million shares before the offering to 111.1 million shares after the offering.

While the second quarter of this year witnessed activity in initial public offerings, especially in the Saudi market - after the market received only one company in the first quarter, namely Saleh bin Abdulaziz Al-Rashed & Sons - the repercussions of the war in the region caused the postponement of planned offerings such as Mutlaq Al-Ghuwairi Contracting.

Founded in 2020, Masqa Investment operates in real estate development, including residential, commercial, and industrial projects. Based in Riyadh, the company has over 13 projects underway. Its objectives include providing affordable housing, contracting and development services, and real estate brokerage.

New information regarding the planned offering

(According to Sunday's statement)

- The offering price was set at 6 riyals per share.

- The total shares offered will be allocated to qualified investors.

- The subscription period extends from June 17 to 24, 2026.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com )

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