First Avenue Real Estate Development Joins Saudi Parallel Market
October 24, 2024
Saudi Arabia – In a significant milestone for the Kingdom’s real estate sector, First Avenue Real Estate Development Company, a sister company of Construction & Planning Co. Ltd. (C&P), has officially been listed on the Saudi Parallel Market (Nomu).
The listing marks a new chapter in the company’s growth trajectory, underscoring its commitment to expansion and innovation in the real estate industry.
A spokesperson from C&P expressed pride in this achievement, highlighting the dedication and hard work of the First Avenue team in reaching this stage. “This milestone is a testament to the company’s vision and relentless pursuit of excellence in real estate development,” they stated.
AlKhair Capital, serving as the financial advisor and lead manager, played a crucial role in facilitating the listing process. Their expertise and unwavering support have been instrumental in ensuring a successful entry into the Saudi market.
With this achievement, First Avenue sets its sights on a future of sustained growth, bringing innovative real estate solutions to the Kingdom and beyond. The listing on Nomu positions the company for greater investment opportunities and strengthens its standing within the region’s dynamic real estate landscape.
This is just the beginning of an exciting journey, and industry leaders will be watching closely as First Avenue continues to drive progress in Saudi Arabia’s booming real estate sector.
