The group, backed by Saudi Arabia’s sovereign wealth fund, is set to raise $523 million via the first-time share sale, Umm Al Qura said in a statement on Thursday. The demand implies an ...

Umm Al Qura for Development and Construction, the developer behind Makkah’s transformative Masar Destination project, has set its initial public offering price at SAR 15 per share. This pricing, at ...

Umm Al Qura for Development and Construction has announced plans to launch an initial public offering on the Saudi Exchange, aiming to raise capital for the MASAR Destination project, a ...

Retail investors will start today, March 5, subscription to Umm Al Qura for Development and Construction Co.’s 13.08 million shares at SAR 15 apiece. The retail offering will end on March 9. The ...

MAKKAH, Saudi Arabia – Umm Al Qura for Development and Construction (“Umm Al Qura”, the “Company” or the “Issuer”), the owner, developer and operator of MASAR Destination (“the Project” or “MASAR”) – ...

Saudi-based Umm Al Qura for Development and Construction today (February 18) announced it has issued a supplementary prospectus and signed a binding investment undertaking agreement for its Initial ...

Umm Al Qura for Development and Construction Co. issued today, Feb. 18, a supplementary prospectus related to its potential initial public offering (IPO) on the Main Market (TASI). The Saudi company, ...

(Bloomberg) -- Saudi Arabian firm Umm Al Qura for Development & Construction Co. has drawn about $126 billion in orders for its initial public offering in Riyadh, signaling continued robust demand for ...