CMA approves Dar Albalad's 30% stake offering on TASI

31/12/2025 Argaam
Logo ofDar Albalad For Business Solutions Co.

Logo of Dar Albalad For Business Solutions Co.

The Capital Market Authority’s (CMA) board approved today, Dec. 31, Dar Albalad For Business Solutions Co.'s request to register and float about 21 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.

 

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.

 

Dar Al-Balad For Business Solutions 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.

 

It has expanded its operations to cover the Gulf region and has a team of more than 600 experts and employees.

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