The retail subscription period for Dar Albalad for Business Solutions Company's IPO on the Main Market of the Saudi Exchange (Tadawul) has officially closed, Aljazira Capital — the Financial Advisor, Lead Manager, Underwriter, and Joint Bookrunner — announced today.

The headline numbers

A total of 90,231 retail investors subscribed at the final offer price of SAR 9.75 per share. Combined retail demand reached approximately SAR 231 million, covering 375.71% of the 6,300,000 shares allocated to the retail tranche. The retail tranche represents 30% of the total 21 million Offer Shares.

How shares will be allocated

Each retail subscriber will receive a minimum of 10 shares. The remaining shares will be distributed on a pro-rata basis, scaled to the size of each investor's application relative to the total subscribed shares. The average allocation factor stands at 23.7%.

Knock-on effect for the institutional tranche

Because of the strong retail uptake, the Participating Parties (institutional) tranche has been adjusted downward to 14,700,000 shares, or 70% of the total Offer Shares. This follows the institutional book-building period (26–30 April 2026), which was oversubscribed 66.6 times and set the final offer price at the top of the indicative SAR 9.25–9.75 range.

Quick context

• Company: Dar Albalad for Business Solutions — a Saudi-based provider of information technology, business, and industrial solutions
• Offering: 21,000,000 ordinary shares, representing 30% of the company's capital
• Regulatory milestones: CMA approval received on 31 December 2025; conditional listing approval from Tadawul already in place

For past coverage, investors can refer to IPO Monitor | An Aramco & SABIC Supplier Just Drew 66x Demand for Its IPO — Retail Window Opens Today