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Saleh Abdulaziz Al Rashed & Sons issues prospectus to float 30% on TASI
AI Summary
Content Summary: 
Logo of Saleh Abdulaziz Al Rashed & Sons Co.
Saleh Abdulaziz Al Rashed & Sons Co. announced today, Jan. 20, its IPO prospectus for the offering of 5.58 million shares, or 30% of its share capital, on the Main Market (TASI).
The share sale will run for four working days from Feb. 12-17, 2026
According to the prospectus, the book-building process and subscription period for participating entities will run for five days from Feb. 1-5.
In September, 2025, the Capital Market Authority (CMA) approved the application received from the company to register and list 5.58 million shares, representing 30% of its share capital, on TASI.
The subscription is limited to two categories of investors:
Tranche (A): Participating parties: Participating parties: This includes categories eligible to participate in the book-building process.
Tranche (B): Individual subscribers: This covers Saudi natural persons, non-Saudi natural persons residing in the Kingdom, and GCC nationals with a bank account with one of the receiving agents and are allowed to open an investment account. They will be allocated 1.67 million shares, representing 30% of the total offered shares.
Saleh Abdulaziz Al-Rashed & Sons operates in the building materials and mining sector. It specializes in the production of aggregates and asphalt, and in supplying integrated equipment and solutions for infrastructure and industrial projects, in addition to the sale of spare parts, crushers, and heavy equipment. The company manages a diversified investment structure that includes 100% ownership of three subsidiaries, as well as an 80% stake in another company.
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Company Profile |
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Company |
Saleh Abdul Aziz Al-Rashed & Sons |
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Core Activities |
Building materials and spare parts |
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Capital |
SAR 186.00 mln |
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Number of Shares |
18.60 mln |
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Nominal Value |
SAR 10 |
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IPO Summary |
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Issue Percentage |
30% |
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Offered shares |
5.58 mln |
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Number of offered shares to retail investors |
1.67 mln shares (equivalent to 30% of capital) |
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Minimum subscription limit (participating parties:) |
100,000 shares |
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Minimum subscription limit (for retail investors) |
10 shares |
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Maximum subscription limit (participating parties:) |
929,999 shares |
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Maximum subscription limit (retail investors) |
250,000 shares |
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Offer period |
From Feb. 12-17, 2026 |
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Final Allocation |
Feb. 24, 2026 |
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Surplus refunds (if any) |
Feb. 26, 2026 |
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Structure of direct ownership in subsidiaries |
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Subsidiary |
Direct ownership |
Remaining ownership |
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Quality Rock Mining Company (one person company) |
100% |
-- |
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Durrat Al Mabanee Mining Company (one person company) |
100% |
-- |
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Red Sand Mining Co. (one person company) |
100% |
-- |
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National Shield Mining Co. |
80% |
20% |
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Company Shareholders |
||||
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln shares) |
Ownership (%) |
Number of Shares (mln shares) |
Ownership (%) |
|
|
Abdulaziz Saleh Abdulaziz Al Rashed |
6.66 |
35.8% |
4.67 |
25.1% |
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Abdullah Saleh Abdulaziz Al Rashed |
3.87 |
20.8% |
2.71 |
14.6% |
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Abdulaziz Saad Saleh Al Rashed |
1.40 |
7.5% |
0.98 |
5.3% |
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Saud Saad Saleh Al Rashed |
1.40 |
7.5% |
0.98 |
5.3% |
|
Noura Saleh Abdulaziz Al Rashed |
1.01 |
5.4% |
0.71 |
3.8% |
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Sara Saleh Abdulaziz Al Rashed |
1.01 |
5.4% |
0.71 |
3.8% |
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Noura Saad Saleh Al Rashed |
0.70 |
3.8% |
0.49 |
2.6% |
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Loalaa Saad Saleh Al Rashed |
0.70 |
3.8% |
0.49 |
2.6% |
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Areej Saud Hammoud Al-Dabaan |
0.70 |
3.8% |
0.49 |
2.6% |
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Dana Saad Saleh Al Rashed |
0.70 |
3.8% |
0.49 |
2.6% |
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Mariam Saad Abdulrahman Al-Rashed |
0.47 |
2.5% |
0.33 |
1.8% |
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Public |
-- |
-- |
5.58 |
30% |
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Total |
18.60 |
100% |
18.60 |
100% |
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Additional Information |
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Financial advisor, lead manager, underwriter and book runner |
ANB Capital |
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Receiving Banks |
Derayah Financial – AlJazira Capital Dinar Investment – Al Rajhi Capital – SNB Capital – ANB Capital – Riyad Capital – Albilad Capital – Istithmar Capital – Alinma Capital – Yaqeen Capital – Alkhabeer Capital– SAB Invest– Sahm Capital – GIB Capital – Musharaka Capital – BSF Capital – EFG Hermes KSA –Awaed Alosool Capital |
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