Umm Al-Qura Development Company Makes Impressive Debut with 30% Surge on Riyadh Stock Exchange

Umm Al-Qura Development Company Makes Impressive Debut with 30% Surge on Riyadh Stock Exchange
2 months ago

In an eye-catching turn of events in the Saudi Arabian stock market, Umm Al-Qura Development Company, a prominent property developer, witnessed a remarkable 30% surge in its stock price during its debut trading day on the Riyadh Stock Exchange. This surge reflects strong investor sentiment and enthusiasm surrounding the company’s prospects in the booming real estate sector of the Kingdom.

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Umm Al-Qura Achieves Record-Breaking IPO Demand in Saudi Arabia

Umm Al-Qura Achieves Record-Breaking IPO Demand in Saudi Arabia
3 months ago

In an impressive display of investor confidence, Saudi real estate developer Umm Al-Qura has garnered an astounding $12.6 billion in orders for its initial public offering (IPO). This remarkable figure, revealed ahead of the company's planned listing on the Riyadh stock exchange, showcases the substantial interest from both regional and international investors keen to capitalize on the burgeoning real estate sector in Saudi Arabia.

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