"Al -Majidiya" real estate shares fall a little at the beginning of its trade in the Saudi Market

The shares of “Dar al -Majid Real Estate” (Al -Majidiya) today, Wednesday, decreased with the start of its circulation in the Saudi stock market in a rare performance of the newly listed shares, while the activity of the initial proposals in the kingdom still ignores a general decline in the market. The share fell 1.2% to 13.83 Riyals when the trades were closed, after it varied and dropped slightly during the session. “Al -Majidiya” raised 1.26 billion Riyale ($ 336 million) to offer a 30% stake after receiving a full request within minutes of the subscription door in Riyadh, according to people who are familiar with the “Bloomberg” agreement. The final offer price reached 14 Riyals per share. The first sessions of the newly listed shares on the Saudi Stock Exchange were usually characterized by a purchase momentum, which has driven their prices to rise dramatically over the initial offer price, but a few new shares on the market recently violated the trend and some of them closed without the price of offering on the first trading days. Liquidity fears on the Saudi Stock Exchange The Saudi Stock Exchange has recently recorded the lowest level of trade values ​​since December 2022, as part of a series of disturbing references regarding the scarcity of liquidity since the beginning of the year, which raises questions among investors and businesses that are an important channel for expansion and financing. At the same time, the most important Tasi index has fallen by 13% since the beginning of 2025. Despite all these indicators, some analysts still believe that what happens is part of the ‘natural cycle of the market’. In this context, Ibrahim Al -Hindi, the economic researcher at the Arab market research center, earlier indicated to Al -Sharq that the Saudi market had previously faced similar conditions and managed to overcome it. He explained that the low liquidity is due to the existence of other investment opportunities within the economy, which is less risky for investing in the stock market. Several factors around “Al -Majidiya” on his part, Majed Al -khalidi, the first financial analyst of the newspaper “Al -iqtisadiya”, said that the share was disputed by various factors, and on one hand, the latest 5 descriptions in the market were closed during its first session without the offer of the “Majidiya”, in contrast, in contrast, in contrast, Presentation of the “Majidiya”, in contrast, the offer of individuals and institutions was higher than the recent proposals, and that the evaluation of the business is in line with the current market status when the stir is about 13 times. Al -khalidi added in an interview with “Al -Sharq” that, with the profits the company announced from the first half, dropped this refined level to a good level. Developments in the Saudi real estate sector The Saudi market has been leading the activity of primary public proposals in the Middle East since the beginning of this year, as the outcome of the subscriptions has been $ 3.5 billion since the beginning of the year. Businesses such as “Majidiya” are expected to benefit from the new rules that Saudi Arabia has approved to allow foreigners’ ownership of real estate, and their attempt to increase the rates of possession of housing citizens within its extensive efforts to diversify the economy. ‘Al -Majidiya’ was founded in 1999 with a focus on the development of residential communities in Riyadh. ‘The symbol of real estate’ is one of the other companies that has obtained an organizational approval of the offer. Trading on shares of the company ‘Marketing House for Trade’, which specializes in building materials, started earlier this month after a preliminary proposal.