Saleh Abdulaziz Al Rashed & Sons Co.(1324.SA) (SAR), a Saudi integrated construction materials, mining, and industrial spare-parts solutions provider, has successfully completed its IPO on the Main Market of the Saudi Exchange.

Key Offering Details

• Final Offer Price: SAR 45/share (top of the price range)
• Total Shares Offered: 5,580,000 shares (30% free float)
• Implied Market Cap at Listing: ~SAR 837 million
• Total Offering Size: SAR 251 million

Institutional Tranche (70% of Offer Shares) — the book-building process attracted total orders of ~SAR 17 billion, representing an oversubscription of approximately 67x.

Retail Tranche (30% of Offer Shares) The individual investor subscription window ran from February 12–17, 2026. A total of 38,316 retail subscribers participated, generating ~SAR 121.5 million in orders — translating to an oversubscription of 161%.

• Each subscriber receives a minimum of 10 shares, with remaining shares distributed pro-rata
• Average allocation factor: 55.7%
• Surplus subscription funds will be refunded no later than February 26, 2026

What's Next Following completion of all listing formalities with the CMA and Saudi Exchange, SAR's shares will officially commence trading. Existing shareholders will retain a 70% stake, subject to a 6-month lock-up from the start of trading.

Stay tuned for the official trading commencement date announcement.