Saleh Abdulaziz Al-Rashed & Sons Company (“the Company,” “the Issuer,” or “the Group”), a leading national provider of integrated building materials, mining, and industrial spare parts solutions in the Kingdom of Saudi Arabia (“the Kingdom”), announced the completion of the subscription period for the individual subscriber tranche and the final allocation of shares in the initial public offering (“the IPO” or “the Offering”) in preparation for its listing on the Saudi Stock Exchange’s main market.

The final offering price was set at 45 Saudi Riyals per share, which is the upper limit of the previously announced price range, meaning that the company’s market capitalization upon listing is approximately 837 million Saudi Riyals.

The book-building process for the participating segment, which represented a minimum of 70% of the total offering shares, witnessed strong demand, with orders amounting to approximately SAR 17 billion and an oversubscription rate of about 67 times.

The subscription period for individual subscribers extended from 24 Sha'ban 1447 AH to 29 Sha'ban 1447 AH (corresponding to 12 February 2026 to 17 February 2026). A total of 1,674,000 ordinary shares were allocated to individual subscribers, representing 30% of the total offering of 5,580,000 shares.

The offering saw participation from 38,316 individual subscribers, with total applications amounting to approximately 121.5 million Saudi Riyals, reflecting a coverage ratio of 161% for this segment of investors.

A minimum of 10 shares was allocated to each individual subscriber, with the remaining shares allocated proportionally according to the size of each subscriber’s request compared to the total remaining shares required to be subscribed for, with an average allocation factor of 55.7%.

The excess subscription amounts will be refunded to individual subscribers no later than 9 Ramadan 1447 AH (corresponding to 26 February 2026 AD).

Accordingly, the number of shares allocated to investors from the participating categories segment was reduced to 3,906,000 shares, representing 70% of the total shares offered.

Following the completion of the offering, the total percentage of shares offered for free trading will be 30% of the company’s capital on the main Saudi Stock Exchange, while the current shareholders collectively will retain 70% of the company’s capital, with major shareholders subject to a six (6) month lock-up period starting from the date of commencement of trading of the shares.

The company’s shares will be listed and traded on the main Saudi Stock Exchange (Tadawul) after all listing requirements with both the Capital Market Authority and Tadawul are completed.

For more information about the initial public offering, please visit the website: https://ipo.salrashed.com.sa/

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