Mark Your Calendar: Dar Albalad IPO Opens Sunday at SAR 9.75. Get the Facts
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Following the official announcements on May 4, Dar Albalad for Business Solutions Company has concluded its institutional book-building process. Below are the finalized data points from the institutional phase and the key parameters required for the upcoming retail subscription.
1. Institutional Tranche Results
- Final Offer Price: SAR 9.75 per share.
- Coverage Ratio: The institutional book-building process achieved a coverage of 66.6x of the total Offer Shares.
2. Retail Subscription Schedule
Following the institutional phase, the offering will now open to individual investors:
- Retail Allocation: A maximum of 30% of the total Offer Shares will be allocated to retail subscribers.
- Start Date: Sunday, May 10, 2026 (23/11/1447H).
- End Date: Thursday, May 14, 2026 (27/11/1447H).
- Closing Time: The subscription window will strictly close at 12:00 PM (KSA Time) on May 14.
3. Offering Overview
- Total Offering Size: 21,000,000 ordinary shares, representing 30% of the Company’s issued capital.
- Advisors: AlJazira Capital acts as the Financial Advisor, Lead Manager, and Underwriter. Emirates NBD Capital KSA serves as the Joint Bookrunner.
- Company Context: Dar Albalad operates in the Saudi IT, business, and industrial solutions sector. The company's Chairman noted that the institutional coverage reflects the market's reception of their current business model and ongoing projects in technical and industrial services.
Data Summary for Retail Investors:
- Final Price: SAR 9.75
- Institutional Coverage: 66.6x
- Retail Allocation: Up to 30% of total Offer Shares
- Retail Subscription Window: May 10 – May 14, 2026 (Closes at 12:00 PM KSA Time)