Al Majed for Oud Co (Ticker: ALMAJED AB) is a Saudi Arabian company in the specialty chemicals industry, focusing on the production and trade of oud, perfumes, and related products.

The company announced its IPO on 08/19/2024 and is set to list on the Saudi Arabian stock exchange on 10/7/2024. Al Majed for Oud Co will offer 7.5 million shares at an offer price of SAR 94.00, aiming to raise SAR 705 million (USD 187.88 million). The expected market capitalization at the offer is SAR 23.50 billion (USD 6.26 billion).