Majidiya Shares to Begin Trading on Tassi Tomorrow with Initial price Fluctuation Limits
Riyadh, September 10, 2025 – Shares of Dar Al-Majid Real Estate Company (Majidiya) will commence trading on the Tassi exchange tomorrow, Wednesday, September 10, 2025, marking a significant expansion of the Saudi stock market. The initial trading period will feature restricted daily price fluctuations to manage market volatility, according to a recent announcement.
The inclusion of Majidiya follows a highly triumphant initial public offering (IPO) that saw strong investor demand. The Tassi exchange has implemented temporary limits of +/- 5% on price fluctuations for the first three days of trading. Starting on the fourth day, these limits will revert to the standard +/- 10% fluctuation range. This phased approach aims to provide a stable entry point for the new listing while allowing for typical market dynamics to take hold.
Majidiya offered 90 million shares, representing 30% of the company’s 300 million riyal capital, divided into 300 million shares with a nominal value of one riyal per share. The IPO attracted subscription from 307,020 investors at a final offering price of 14 riyals per share. Total demand from individual investors reached approximately 701 million riyals, resulting in an overall coverage ratio of 278%.
The Securities Depository Center Company (Icklee) confirmed today, Tuesday, September 9, 2025, that securities subscribed to in the Majidiya IPO have been credited to the accounts of eligible shareholders. This move paves the way for trading to begin smoothly tomorrow,offering investors a new opportunity to participate in the growth of the Saudi real estate sector.
