On its first day of listing, Umm Al-Qura shares jump 30%

Umm Al-Qura Development and Construction Company (Masar) shares rose by a maximum of 30% from its offering price of SAR 15 on its first day of trading on the stock market today, Monday, March 24, 2025.

The stock’s trading volume on the first day reached approximately SAR 195 million, with approximately 10 million shares traded, through 16,200 transactions, with an average of 617 shares per transaction.

Umm Al-Qura Development and Construction shares were listed and began trading on the main market as of Monday, March 24, with the trading symbol 4325 and the international symbol SA169G7I3IH8. The daily price fluctuation limit is +/- 30%, with a fixed price fluctuation limit of +/- 10%.

These limits will only apply during the first three days of listing. Starting on the fourth day of trading, the daily price fluctuation limits will be reset to +/-10%, and the fixed price fluctuation limits will be abolished.

The Capital Market Authority announced its approval on December 24, 2024, of the company’s request to register its shares and offer 130,786,142 ordinary shares, representing 9.09% of the company’s shares following the capital increase through the issuance of 130,786,142 new shares through the capital increase. The company also obtained conditional approval from the Saudi Stock Exchange (Tadawul) on December 8, 2024, to list on the main market of the Saudi Stock Exchange.

The offering was successfully covered by the participating segment, and the final subscription price was set at SAR 15 per share, with an oversubscription rate of approximately 241 times the total shares offered. The individual investor subscription process, which included a maximum of 13.07 million shares, representing 10% of the total offering shares, began on Wednesday, March 5, and ended on Sunday, March 9. A total of 1.04 million subscribers participated, representing a coverage rate of 20 times, and the total value of applications reached approximately SAR 3.93 billion.

The entire 13.07 million shares allocated to the individual investor segment, representing 10% of the total offering shares, were subscribed by individual investors at the final offering price of SAR 15 per share, through receiving entities.

A minimum of 10 shares were allocated to each individual investor, while the remaining shares were allocated proportionally based on the size of each subscriber’s application to the total remaining shares to be subscribed, at an allocation ratio of 1.0316% on a pro rata basis.