AlMajdiah Residence appoints Financial Advisor for share listing

 AlMajdiah Residence has appointed Saudi Fransi Capital as a financial advisor to manage partial listing shares on Saudi stock market.

CEO of AlMajdiah “Abdul-Salam Al-Majed signed a deal with Salam Al-Khunaizi Saudi Fransi Capital CEO on the sidelines of “Real Estate Future Forum” in which AlMajdiah participates as a strategic sponsor.

“We are pleased with picking Saudi Fransi Capital as our financial advisor given it’s one of the largest investment banks in the region. It has a long experience and efficiency on managing IPOs”, Al-Majed commented.

He added that this move will help AlMajdiah’s existence in financial markets in addition to raise its governance and sustainability.

AlMajdiah Residence developed about 850 residential buildings includes 12,000 units.