Dar Albalad IPO: Price Range Set (SAR 9.25 - 9.75), Institutional Book-Building Now Open
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Saudi-listed IT and business solutions firm Dar Albalad for Business Solutions Company has taken a key step toward its stock market debut, announcing its IPO price range and opening the institutional book-building period on April 26, 2026.
The Price Range
The offering price has been set between SAR 9.25 and SAR 9.75 per share. The final price within this range will be confirmed once the book-building process concludes.
What's Happening Right Now: Book-Building
The current phase — book-building — is open exclusively to institutional investors (banks, funds, and qualified financial entities). It runs from April 26 through April 30, 2026 (4:00 PM KSA time).
Retail investors cannot participate at this stage. This phase is how the market gauges demand and helps determine the final share price.
The Offering at a Glance
| Detail | Figure |
|---|---|
| Total shares on offer | 21,000,000 shares |
| % of company being sold | 30% |
| Share type | Existing shares (sold by current shareholder) |
| CMA Approval | December 31, 2025 |
What Retail Investors Need to Know
- The retail subscription window opens on May 10.
- 30% of the 21 million shares (approximately 6.3 million shares) is expected to be reserved for retail investors — subject to demand.
- If retail demand is strong enough to fill that 30% tranche, institutional investors' allocation will be reduced to a minimum of 14.7 million shares (70%).
- The final price per share will be announced before the retail subscription window opens — it will fall somewhere between SAR 9.25 and SAR 9.75.
What to Watch Next
Once book-building closes on April 30, the final IPO price will be set. Stay tuned for that update.