Saudi Arabia's Dar Al Majed sets IPO final price at top of the range
Saudi Arabia’s Dar Al Majed Real Estate Company (AlMajdiah) has set its IPO final price at 14 riyals ($3.73) per share, at top of the indicated range, with the subscription covered 107 times
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
