Dar Al Majed Real Estate Co., commonly known as AlMajdiah, is a dynamic and fast-growing property development firm headquartered in Riyadh, Saudi Arabia. The company was founded in 1969, though the company was formerly known as Nasser and Abdulsalam Abdulrahman AlMajed Real Estate Company and changed its name to Dar Al Majed Real Estate Company in 2020.
With a team of over 120 experts, AlMajdiah combines innovation with customer-centric values and has successfully completed over 180 projects, spanning more than 2.5 million square meters of developed land. The company has six residential projects in Riyadh, with one in Al-Khobar and Jeddah each, and plans to develop four other complexes. The company has expanded operations into the UAE, managing properties in Dubai and Sharjah, with landmark developments in areas such as Jumeirah Village Circle, Al Nahda, Muhaisnah, Al Qusais, Al Taawun, and the Sharjah Industrial Area.
Recent News
Dar Al Majed Real Estate Co launched on the Saudi Stock Exchange (Tadawul) in July 2025, concluding a $336 million initial public offering with 90 million shares offered at an initial price of SAR14 ($3.73) each.
Facts compiled by Executive Moves from publicly available news and press releases on 10 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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