Baker McKenzie has acted as legal counsel to Alramz Real Estate Company (“Alramz”), a leading real estate developer in Saudi Arabia, on its successful initial public offering (IPO) on the main market of the Saudi Exchange (Tadawul). The offering comprised 12,857,143 ordinary shares, representing 30% of Alramz’s share capital post-capital increase (and 43% pre-capital increase), at a price of SAR 70 per share.
The IPO marks a significant milestone for Alramz, reinforcing its position in the Kingdom of Saudi Arabia’s dynamic real estate sector. The listing took place on 18 December 2025.
Commenting on the deal, Nadine Nassar, Senior Counsel at Baker McKenzie Law Firm in Saudi Arabia, stated, “We are proud to have supported Alramz in achieving this important milestone. The successful IPO reflects the strength of Saudi Arabia’s capital markets and the growing investor confidence in the real estate sector. Our team worked diligently to ensure a smooth and efficient process, and we look forward to continuing to support our clients in their strategic growth initiatives.”
Baker McKenzie’s role as issuer counsel underscores its commitment to supporting clients in complex capital markets transactions. The team comprised Nadine Nassar, Sara AlNasser, Hayat Alabdulwahed, and Alma AlGhamdi.