Saudi developer Masqa Investment raises $17.8 million in oversubscribed Nomu IPO

Saudi Arabia's Masqa Investment (MSGA), a real estate developer, successfully completed its IPO on the Nomu-Parallel Market with the offering being 144 percent oversubscribed, demonstrating strong selective investor demand despite softer broader regional market sentiment. The company raised approximately SAR 66.7 million ($17.8 million) by selling 11.11 million shares at SAR 6 per share, representing 10 percent of its post-IPO capital, with final allocation to qualified investors expected on June 28. This significant oversubscription highlights robust interest in MSGA's growth prospects within the Saudi real estate sector and marks the 28th IPO on Nomu since the beginning of 2026, underscoring the platform's continued role in facilitating capital market access for emerging companies.