Mohammed & Musab Abdullah Al-Ajlan Investment Company (“Al-Ajlan Riviera”) announced the appointment of Al-Jazira Capital Markets Company (“Al-Jazira Capital”) as its financial advisor for its initial public offering on the Saudi Stock Exchange.

In this regard, Mr. Mohammed Al-Ajlan, CEO of Mohammed & Musab Abdullah Al-Ajlan Investment Company, explained that since its establishment, the company has been committed to delivering modern real estate projects that meet market needs, noting that the listing on the Saudi stock market will contribute to supporting the company’s expansion plan.

In turn, the company’s Chairman, Mr. Hamdan Al-Hamdan, stated that the company’s listing on the Saudi Stock Exchange is a fundamental step in the institutional transformation of real estate companies in the Kingdom of Saudi Arabia, as the company seeks to be a leading example in corporate governance by adhering to the highest technical and administrative standards, praising the financial market’s encouragement of companies to list through practical initiatives that enable joint-stock companies to compete and offer the best products.

For his part, Mr. Nayef Al-Masnad, CEO and Managing Director of Al-Jazira Capital, expressed his delight at Al-Jazira Capital’s appointment as financial advisor for the listing, expressing his eagerness to work with Mohammed & Musab Abdullah Al-Ajlan Investment Company, one of the leading companies in the real estate development sector.

It is worth noting that Al-Jazira Capital Markets is a company licensed by the Capital Market Authority (License No. 37-07076) to conduct all securities-related business.