Al Mozaini Real Estate in Saudi Plans IPO Launch

On the verge of its IPO, Al Mozaini Real Estate, established in 1996 and headquartered in Riyadh, is gearing up to go public amid Saudi Arabia’s booming real estate sector. Known for delivering high-quality residential communities, the firm recently partnered with PIF-backed Roshn on a SAR 223 million land deal and began construction on large-scale projects like Bawabat Al Sharq. Launching its IPO positions Al Mozaini to capitalize on market growth, support Vision 2030 housing goals, and expand its financing partnerships.

Hamad & Ahmad Mohammed Al-Mozaini Real Estate Company, one of Saudi Arabia’s prominent real estate developers, is preparing to launch an initial public offering (IPO), with plans to list its shares on the Saudi Stock Exchange’s Parallel Market, known as Nomu. This strategic move reflects the company’s broader vision to align with the evolving economic landscape of the kingdom, where capital markets are playing a more significant role in supporting business expansion and diversification.

To facilitate this public offering, the company has selected Yaqeen Capital to serve as the lead coordinator and financial advisor. Yaqeen Capital will oversee the public subscription process and ensure the offering is conducted in compliance with regulatory frameworks. This partnership is expected to support a smooth and successful entry of Hamad & Ahmad into the public investment sphere.

The decision to go public comes at a time when many private firms in Saudi Arabia are taking advantage of the kingdom’s growing and dynamic capital markets. With Vision 2030 acting as a catalyst, the government has been actively promoting financial sector development, encouraging companies to explore public listings as a means of securing long-term growth and increasing transparency.

Saudi Arabia has emerged as a dominant force in the IPO landscape across the Middle East. Driven by favorable regulations, investor confidence, and a robust economic reform agenda, the country continues to attract significant activity in its capital markets. This momentum is especially evident in the strong performance of the Tadawul stock exchange, which has become a preferred listing venue for companies across various sectors.

According to a recent report from EY, the kingdom was the leading source of IPOs in the Middle East during the first quarter of the year. Of the 14 initial public offerings recorded across the region, 12 originated from Saudi-based entities, highlighting the country's unmatched appeal for equity market listings.

In terms of capital raised, the Tadawul Main Market hosted five major IPOs during this period, generating a combined total of $1.8 billion. Simultaneously, the Nomu Parallel Market, designed specifically for smaller and fast-growing businesses, saw seven IPOs that raised an additional $69 million. These figures demonstrate the dual strength of both Tadawul’s primary and secondary platforms and underline the diversity of investment opportunities available to market participants.

Hamad & Ahmad’s upcoming IPO will likely contribute to this continuing trend and further validate the vitality of Nomu as a viable market for growth-oriented firms. The company’s decision to list on Nomu, rather than the main market, reflects a strategic alignment with its current growth stage and operational scale. Nomu provides a streamlined and flexible framework for businesses to access public funds while maintaining lower entry requirements compared to the main exchange.

Founded in Saudi Arabia, Hamad & Ahmad has established itself as a reputable name in the real estate sector, focusing on residential and commercial property development. Its projects often emphasize modern design, community infrastructure, and quality construction standards. By going public, the firm seeks not only to raise capital but also to increase its visibility, enhance corporate governance, and strengthen its market position.

The IPO is expected to support Hamad & Ahmad’s long-term expansion plans, which include scaling up project development, entering new regional markets, and leveraging capital to fuel innovation in real estate solutions. With the real estate sector playing a key role in Saudi Arabia’s diversification strategy, the company is well-positioned to benefit from policy support, infrastructure investments, and growing demand for housing and urban spaces.

The listing will also open up new opportunities for retail and institutional investors who are keen to tap into the real estate growth story within Saudi Arabia. As more investors seek exposure to diversified asset classes, real estate companies such as Hamad & Ahmad are increasingly viewed as attractive propositions.

Market observers note that Saudi Arabia’s IPO boom is not merely a temporary phenomenon but a reflection of deeper structural changes taking place in the economy. These include the privatization of state-owned enterprises, the emergence of new business sectors, and the strategic use of capital markets to fund national development goals. The result has been a more vibrant investment ecosystem, offering companies like Hamad & Ahmad a clear pathway to public ownership and sustained growth.

Additionally, regulatory authorities have been instrumental in supporting this trend. The Capital Market Authority (CMA) has implemented several initiatives aimed at streamlining the IPO process, encouraging SME participation, and enhancing investor protection. These reforms have significantly reduced the barriers for companies looking to list and have made markets like Nomu more accessible and appealing.

Hamad & Ahmad’s IPO also reflects the increasing confidence that private companies have in Saudi Arabia’s economic outlook. As the kingdom continues to roll out large-scale projects such as NEOM, The Red Sea Project, and Diriyah Gate, demand for real estate services and construction expertise is expected to rise. Real estate developers with strong track records and expansion potential are likely to attract more attention from investors, both local and international.

Furthermore, the IPO will likely help the company enhance its corporate structure and attract top-tier talent. Public companies are generally held to higher standards of transparency and accountability, which can improve investor trust and operational efficiency. These improvements not only benefit the company’s shareholders but also contribute to the broader objective of building a competitive and sustainable real estate sector in the kingdom.

As the listing date approaches, analysts and stakeholders will be watching closely to assess investor sentiment and pricing dynamics. The performance of this IPO may also serve as a benchmark for other mid-sized real estate firms considering similar public offerings in the near future. If successful, it will reinforce the appeal of Nomu as a launchpad for Saudi businesses aiming to go public.

In conclusion, the planned IPO of Hamad & Ahmad Mohammed Al-Mozaini Real Estate Company is a significant milestone, not just for the company itself, but for the broader Saudi real estate and capital market sectors. It reflects a convergence of business ambition, market readiness, and supportive economic policy. As Saudi Arabia continues to open its financial markets to the world, moves like this demonstrate the country’s commitment to modernizing its economy and creating new opportunities for growth, investment, and innovation.

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Source: zawya‍