Saleh Abdulaziz Al Rashed & Sons Company (“SAR”), a Saudi provider of integrated construction materials, mining, and industrial spare-parts solutions, has officially launched the institutional book-building phase of its Initial Public Offering (IPO) today, 1 February 2026.

The Company has announced its IPO offer price range and key details of the Offering, marking an important milestone ahead of its planned listing on the Main Market of the Saudi Exchange (Tadawul).

Key IPO Information

• Institutional Book-Building Starts: 1 February 2026
• Institutional Book-Building Ends: 5 February 2026 at 3:00 PM (KSA time)
• Offer Price Range: SAR 43 – SAR 45 per share
• Final Offer Price: To be determined upon completion of the book-building process

Subscription Timeline for Individual Investors

Retail Subscription Period:

The subscription period for Individual Subscribers will run for four business days, starting on 12 February 2026and closing at the end of 17 February 2026.

During this period, eligible individual investors will be able to subscribe to the Offer Shares in accordance with the terms and conditions set out in the Prospectus.

Offering Size and Valuation

Based on the announced price range, the Offering implies a market capitalization at listing of approximately SAR 800 million to SAR 837 million.

The total Offering size is expected to range between SAR 240 million and SAR 251 million, depending on the final offer price.

Offering Structure

• Total Offer Shares: 5,580,000 ordinary shares
• Percentage of Share Capital Offered: 30%
• Post-IPO Ownership:
  • Current shareholders: 70%
  • Public free float: 30%

All Offer Shares are being sold by the existing shareholders as part of a secondary offering. The Company itself will not receive any proceeds from the IPO, with net proceeds distributed to selling shareholders after deducting Offering-related expenses.

The shares will be offered to Participating Parties and Individual Subscribers, as defined in the Prospectus, and are expected to be listed on Tadawul following completion of regulatory and listing formalities.

Lock-up Arrangement

Following the listing, substantial shareholders and shareholders acting in concert will be subject to a six-month lock-up period, during which they are not permitted to dispose of their shares. After the lock-up period ends, these shareholders may sell their shares without prior regulatory approval.

Our previous coverage: Amid TASI Rebound, Saleh Al-Rashed Company (SAR) Announces IPO with 74% Net Income Growth