Dar Al Majed Real Estate
Riyadh-based real estate developer known as Al Majdiah. It builds residential, commercial and mixed-use projects and has been listed on the Saudi Exchange Main Market under 4326 since September 2025.
Industry: Real estate development | Location: Riyadh, Saudi Arabia | Founded: 2014
About Dar Al Majed Real Estate
Dar Al Majed Real Estate Company, known as Al Majdiah, is a property developer based in Riyadh, Saudi Arabia. It develops residential, commercial and mixed-use projects. Its shares trade on the Main Market of the Saudi Exchange under the ticker 4326.
Argaam reports that the company was incepted in 2014 and converted from a limited liability company to a closed joint-stock company in 2023. Shareholders elected a board for a four-year term from April 2026. Mubasher reported on 15 April 2026 that Khalid bin Abdulrahman Al Majed was named chairman, Majed bin Abdulrahman Al Majed vice chairman and Abdulsalam bin Abdulrahman Al Majed managing director.
The company offered 90 million shares, 30 percent of its capital, at SAR 14 each on the Main Market. Baker McKenzie, its legal adviser, reported proceeds of SAR 1.26 billion and a market value of about SAR 4.2 billion. Argaam says trading began on 10 September 2025. Before the offering Dar Al Majed Holding owned 57.57 percent, falling to 40.43 percent afterwards.
In January 2026 the company signed a SAR 500 million Shariah-compliant facility with Arab National Bank, with a tenor of up to five years, to support an upcoming project. In March 2026 it raised its Banque Saudi Fransi credit facility from SAR 550 million to about SAR 684 million. At a meeting on 30 June 2026 shareholders endorsed three cost-plus development agreements in Riyadh with the Jadwa Al Manzil Real Estate Fund, worth about SAR 266 million in total, in the King Fahd, Arqa and Hittin districts.
For the first half of 2026 the company reported revenue of SAR 496.45 million, down 28.37 percent, and net profit of SAR 80.33 million, down 62.15 percent. It cited SAR 314.50 million of land sales in the first half of 2025. Residential unit sales rose 33.30 percent to SAR 426.20 million, and shareholders' equity rose 4.80 percent to SAR 1.16 billion. Excluding land sales and fair value gains, the company said profit would have risen 46.30 percent.
Leadership
- Khalid Al Majed, Chairman
- Majed Al Majed, Vice Chairman
- Abdulsalam Al Majed, Managing Director