Albilad Investment Company in its capacity as Lead Manager, and Albilad Investment Company, GIB Capital, and Al Rajhi Capital as Joint Financial Advisors, along with Albilad Investment Company, GIB Capital, Al Rajhi Capital and Alinma Investment Company as Bookrunners and Underwriters on the potential initial public offering (the “IPO" or “Offering") of Umm AlQura for Development and Construction Company (the "Company") announce on behalf of the Company the Offering price range and the start of the institutional book-building period; as per the following details:

The Offering is comprised of (130,786,142( new ordinary shares (“Offer Shares"), for public subscription, representing 9.09% of the Company's shares post share capital increase.
The price range for the Offering has been set between SAR 14 and SAR 15 per share (the “Price Range")
The minimum number of Offer Shares to be applied for by Participating Parties is (100,000) ordinary shares, while the maximum number of shares is (71,932,377) ordinary shares.
The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority.

The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process. In addition, the number of Offer Shares to be provisionally allocated to Participating Parties is )130,786,142) Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Investors. In the event that Individual Investors subscribe for all the Offer Shares allocated thereto, the lead manager shall have the right to reduce the number of Offer Shares allocated to Participating Parties to a minimum of (117,707,528) Offer Shares, representing ninety percent (90%) of the total Offer Shares.

Bidding and book-building period for the Participating Parties Tranche starts from Sunday, 16/02/2025G and ends on Thursday, 20/02/2025G.

For more information and the Offering Prospectus, please visit the Capital Market Authority website (www.cma.org.sa) and the Company website (www.ummalqura.com.sa)

To review the price Range and Start of Institutional Book-building announcement document, click here​