Dar Albalad issues prospectus for 30% IPO on TASI

Logo of Dar Albalad For Business Solutions Co.

Dar Albalad For Business Solutions Co. disclosed today, April 21, its IPO prospectus for the offering of 21 million shares, or 30% of its 70 million share capital, on the Main Market (TASI).

  
The share offer price will be set following the book-building process.
 
The retail subscription period will run for five working days from May 10 to 14, 2026.
  
According to the prospectus, the book-building process and subscription period for participating entities will run from April 26 to 30.
 
In December 2025, the Capital Market Authority (CMA) approved the company’s request to register and list 21 million shares on TASI.
  
The subscription is limited to two categories of investors:
 
Tranche A: Participating parties, comprising the categories that are entitled to participate in the book-building process.
 
Tranche B: Individual subscribers, including Saudi nationals and any non-Saudi natural person who is a resident in the Kingdom and any GCC national who holds a bank account with one of the receiving entities and are allowed to open an investment account.

A total of 6.3 million shares will be allocated to them, representing 30% of total offered shares.

Dar Al-Balad is a Saudi company established in 2001 by Dr. Ibrahim bin Salamah, the former Vice Chairman and Managing Director of SABIC. The company provides a comprehensive range of information technology services and solutions.

To view the prospectus