Sinad Company announces a binding undertaken to subscribe as the cornerstone investor for 6,666,666 shares in the Initial public offering of Dar AllMajed Real Estate Copmany (Al Majdiah). | premargin

Sinad Company announces a binding undertaken to subscribe as the cornerstone investor for 6,666,666 shares in the Initial public offering of Dar AllMajed Real Estate Copmany (Al Majdiah).

TadawulJuly 30, 2025View on exchange

Element List	Explanation
Announcement Detail	Sinad Holding Company announces a binding undertaken to subscribe as the cornerstone investor for 6,666,666 shares in the Initial public offering of Dar AllMajed Real Estate Copmany (Al Majdiah), representing around 2.22% of the company's capital after the selling Shareholders agreed to allocate such shares to Sinad Holding as the cornerstone investor, as outlined in the supplementary prospectus Published on 29/07/2025 on the Capital Market Authority website. This strategic direction by Sinad Holding aligns with its broader objective to strengthen and diversify its investment portfolio through opportunities that contribute to maximizing returns for the company and its shareholders. The Company will announce any material developments in this regard in due course.

Element List

Explanation

Announcement Detail

Sinad Holding Company announces a binding undertaken to subscribe as the cornerstone investor for 6,666,666 shares in the Initial public offering of Dar AllMajed Real Estate Copmany (Al Majdiah), representing around 2.22% of the company's capital after the selling Shareholders agreed to allocate such shares to Sinad Holding as the cornerstone investor, as outlined in the supplementary prospectus Published on 29/07/2025 on the Capital Market Authority website.

This strategic direction by Sinad Holding aligns with its broader objective to strengthen and diversify its investment portfolio through opportunities that contribute to maximizing returns for the company and its shareholders.

The Company will announce any material developments in this regard in due course.