Luxury fragrance brand **Al Majed For Oud** signs a non-binding offer to acquire a portfolio of healthcare, beauty, and retail assets across the GCC from the Al Suwaih family. The proposed deal, disclosed via Tadawul, targets an enterprise value of **SAR 392 million**. The transaction remains subject to finalization.
Almajed Oud’s shares surged **30%** on their first day of trading on Saudi Arabia’s Tadawul exchange, closing at **SAR 122.2 per share** after debuting at **SAR 94.0**. The stock reached the **±30% trading band limit** allowed for the first three days of trading. Starting from the fourth day, the band narrows to **±10%** before circuit breakers activate.
Saudi perfume manufacturer **Al Majed Oud** announces its initial public offering (IPO) price range of **90 to 94 Saudi riyals ($23.99–$25.05) per share** on the Saudi Stock Exchange. The company, known for traditional oud fragrances, targets listing on the Kingdom’s main market. The official price range follows regulatory filings and marks a key step in its public market debut.
Saudi Arabian perfumer **Al Majed for Oud** is listing **30% of its shares** in an IPO on the **Tadawul** main market. The company plans to offer **7.5 million shares** to the public, following approval from the **Capital Market Authority** in June. The move marks the company’s first public equity offering, expanding access to its traditional oud-based fragrance business.
Aug 2024Inc. Arabia English - en.incarabia.comNews article
