Riyadh - Mubasher: Saleh Abdulaziz Al Rashed and Sons Company (SAR) has completed the individual investor offering period and the final allotment of shares in connection with its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul).
The final price was previously set at SAR 45 per share, implying a market cap at listing of approximately SAR 837 million, according to a press release.
The institutional book-building process, which represented 70% of the total offer shares, recorded strong demand, resulting in an oversubscription of approximately 67 times, with total orders amounting to around SAR 17 billion.
The subscription period for individual subscribers took place from 12 to 17 February 2026.
A total of 1.67 million shares were allocated to individual subscribers, representing 30% of the total 5.58 million shares.
The offering saw 38,316 individual subscribers place orders totaling a demand of approximately SAR 121.50 million, reflecting an oversubscription coverage of 161% for this tranche.
Individual subscribers will receive a minimum of 10 shares each, with the remaining shares allocated on a pro rata basis in proportion to the size of each individual subscriber’s request compared to the total remaining subscribed shares with an average allocation factor of 55.70%.
Meanwhile, the shares will be listed and traded on Tadawul following completion of all listing formalities with the CMA and Saudi Exchange.
