Al Majdia Residence

What Al Majdia Residence does

Al Majdia Residence (also referenced as Al Majdiah) is a Saudi Arabia-based, publicly listed real estate development company headquartered in Riyadh and trading on the Tadawul exchange under ticker 4326. The firm was founded in 1979 and operates with a headcount of 101–250 employees, focused on real estate development activity concentrated in the Makkah region.

The company's core offering is participation in large-scale real estate development projects in central Makkah, proximate to the Holy Mosque. It serves as a development partner—rather than the lead fund manager—in real estate development funds established by Jadwa Investment with an aggregate size of up to SAR 10 billion. Alongside three other named developers (Zood Real Estate, First Avenue Real Estate Development, and Rikaz Real Estate), Al Majdia Residence executes projects under the regulatory oversight of the Royal Commission for Makkah City and Holy Sites.

The business model is project-based real estate development revenue, with capital sourced through public equity markets (Tadawul listing) and bank-led financing rounds, most recently a ~$133.35 million raise led by Arab National Bank. Customer concentration, pricing models, and detailed revenue mechanics are not publicly disclosed; the company's economic exposure appears to be primarily to end-buyers and tenants of its Makkah developments, channeled through its consortium partnership with Jadwa Investment.

Name

Al Majdia Residence

Website

https://almajdiah.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Al Majdia Residence is a Saudi publicly-listed real estate developer (Tadawul: 4326) founded in 1979, operating primarily in Makkah as a development partner in Jadwa Investment's large-scale, Royal Commission-overseen Holy Mosque precinct projects.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Real estate development
• Property development
• Residential projects
• Makkah properties
• Saudi real estate

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Core offering

Al Majdia Residence develops real estate projects in Makkah's central areas near the Holy Mosque. The company operates as a development partner in large-scale real estate funds managed by Jadwa Investment, which established two real estate development funds in Makkah with an aggregate value of up to SAR 10 billion. Projects are developed under the oversight of the Royal Commission for Makkah City and Holy Sites, in collaboration with Zood Real Estate, First Avenue Real Estate Development, and Rikaz Real Estate.

Product overview

Al Majdia Residence is involved in real estate development in Makkah, Saudi Arabia, operating as a partner in large-scale development funds managed by Jadwa Investment. The company participates in development projects located in central Makkah areas near the Holy Mosque.

Differentiator

Problem solved

Functional benefit

Products and services

• Al Majdiah Real Estate Development Projects

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Emaar Properties: UAE-listed regional real estate giant with broad residential, retail, and hospitality development across the Middle East; offers scale and capability benchmarks for Saudi residential developers like Al Majdia even though it does not focus on Makkah.
• Emaar The Economic City: Saudi-listed subsidiary of Emaar Properties developing King Abdullah Economic City; while not Makkah-focused, it is a comparable Saudi-listed large-scale residential and mixed-use developer operating under similar Saudi regulatory and capital-market conditions.
• Knowledge Economic City (KEC): Saudi-listed developer of Madinah Knowledge Economic City with similar master-planned residential and mixed-use development activity in a Holy City, comparable in product mix and Saudi regulatory context to Al Majdia's Makkah focus.

Direct peers

• Makkah Construction and Development Company: Listed Saudi developer focused specifically on Makkah residential and hospitality projects, sharing Al Majdia's geographic concentration, regulatory environment, and target end-market of pilgrims and residents.
• Taiba Investment Company: Saudi-listed real estate developer and hospitality operator with significant holdings in Makkah and Madinah, offering comparable pilgrimage-adjacent residential and mixed-use product and similar regulatory exposure to Holy Sites authorities.
• Rikaz Real Estate: Named co-developer alongside Al Majdia in Jadwa Investment's Makkah development funds; directly comparable in mandate, geography, and capital structure as a Saudi real estate partner in the same central-Makkah projects.
• Dar Al Arkan Real Estate Development: One of Saudi Arabia's largest publicly listed residential developers, building master-planned communities and apartments across the Kingdom with similar for-sale and build-to-rent multifamily exposure to Al Majdia's segment.
• Jabal Omar Development Company: Saudi-listed developer of large-scale mixed-use and residential projects in central Makkah near the Holy Mosque, with a comparable mandate to redevelop prime pilgrimage-adjacent land under Royal Commission oversight.

Emerging players

• Retal Urban Development Company: Saudi-listed residential developer building multifamily and suburban housing communities across the Kingdom, comparable in product type (multifamily for-sale housing) and Saudi market dynamics though broader geographically than Al Majdia.

Others

• SEDCO Holding: Saudi private investment group with real estate development and asset management arms; relevant as a comparable Saudi investor-developer and potential partner ecosystem for fund-driven projects similar to Jadwa's Makkah vehicles.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/almajdiah-residence

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Majdia Residence