Almasar Alshamil institutional IPO 102.9x oversubscribed; final price set at SAR 19.5/shr

12/11/2025 Argaam
Logo ofAlmasar Alshamil Education Co.

Logo of Almasar Alshamil Education Co.

SNB Capital, the financial advisor, lead manager, and underwriter for the potential initial public offering (IPO) of Almasar Alshamil Education Co., along with EFG Hermes Saudi Arabia as joint bookrunner, announced the completion of the book-building process for participating institutional investors.

 

In a statement to Tadawul, the company said the final offer price was set at SAR 19.5 per share, with total demand covering 102.9 times the shares on offer.

 

According to Argaam data, Almasar Alshamil offered 30.72 million shares on the Main Market (TASI), representing 30% of its SAR 1.02 billion share capital, divided into 102.4 million shares with a nominal value of SAR 10 each.

 

The retail subscription period will open on Nov. 18, and run for three days, closing at 2:00 p.m. on Nov. 20. Retail investors will be allocated 30% of the total offer shares.

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