Saleh Abdulaziz Al-Rashed & Sons Company announced the publication of its prospectus for the initial public offering (IPO) of 5.58 million shares on the Main Market (Tadawul).
These shares represent 30% of the company’s capital of SAR 186 million, divided into 18.6 million shares with a par value of SAR 10 per share. The offering price will be determined after the book-building process.
The subscription period for individual investors will begin on Thursday, February 12, 2026, and will continue for four business days, ending on Tuesday, February 17, 2026.
According to the prospectus, the registration period for participating entities and the book-building process will begin on Sunday, February 1, 2026, and will continue for five days, ending on Thursday, February 5, 2026.
The Capital Market Authority (CMA) approved Saleh Abdulaziz Al-Rashed & Sons Company’s request to register its shares and offer 5.58 million shares for public subscription on the Main Market (Tadawul) in September 2025.
The subscription is limited to two investor segments:
Segment (A): Participating Categories: This segment includes those eligible to participate in the book-building process according to the book-building instructions.
Segment (B): Individual Subscribers: This segment includes Saudi nationals, any non-Saudi national residing in the Kingdom, or citizens of GCC countries who have an investment account and an active portfolio with one of the receiving entities and are eligible to open an investment account with one of the financial market institutions. They will be allocated 1.67 million shares, representing 30% of the offered shares.
Saleh Abdulaziz Al-Rashed & Sons operates in the building materials and mining sector, specializing in the production of gravel and asphalt, and the supply of integrated equipment and solutions for infrastructure and industrial projects. It also sells spare parts, crushers, and heavy equipment. The company manages a diversified investment structure, holding 100% ownership in three subsidiaries and an 80% stake in another company.
It is worth noting that Saleh Abdulaziz Al-Rashed & Sons is a partner in Rasi Investment Company.