CMA approves Almasar Alshamil's 30% stake offering on TASI

Almasar Alshamil plans to offer about 30.72 million shares (30% of capital) for public subscription

The Capital Market Authority’s (CMA) board approved today, Sept. 29, Almasar Alshamil Education Co.'s request to register and float about 30.72 million shares (30% of capital) on the Main Market (TASI).

According to the CMA, the prospectus will be published well ahead of the subscription period. It will include key information investors need before making an investment decision, including the Saudi company’s financial statements, operations, and management.

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The authority cautioned that investing without reviewing and studying the prospectus may involve high risks. Investors are advised to examine the provided documents carefully and consult a licensed financial advisor if needed.

The CMA stressed that its approval does not constitute an endorsement of the investment’s attractiveness but rather confirms compliance with the Capital Market Law and its implementing regulations.

The approval is valid for six months from the date of the board’s decision and will lapse if the company’s offering and listing are not completed within that period.

Almasar Alshamil operates across two main segments: higher education and special education needs (SEN). The company has a presence in Saudi Arabia and the UAE, serving more than 23,000 students and beneficiaries through 36-day care centers, 10 private schools for students with special needs, three universities within seven campuses, in addition to three clinics and three corporate training arms.

In the UAE, the company manages private higher education institutions and market players, including Middlesex University Dubai, NEMA Holding, and Liwa University. These universities offer academic programs, vocational training, and corporate development courses.

In the SEN business division, Almasar Alshamil delivers services through Human Development Co. (HDC) — the largest private SEN service provider in Saudi Arabia. Its network includes 36 daycare centers and 10 private schools for students with special needs, catering to more than 6,400 beneficiaries across eight provinces in the Kingdom.