AI Summary
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.
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Company Profile |
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Company |
Dar Albalad For Business Solutions Co. |
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Core Activities |
Information technology |
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Capital |
SAR 70 mln |
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Number of Shares |
70 mln |
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Nominal Value |
SAR 1 |
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IPO Summary |
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Issue Percentage |
30% |
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Offered shares |
21 mln |
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Number of offered shares to retail investors |
6.3 mln shares (or 30% of capital) |
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Minimum subscription limit (participating parties) |
100,000 shares |
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Minimum subscription limit (retail investors) |
10 shares |
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Maximum subscription limit (participating parties) |
3.5 mln |
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Maximum subscription limit (retail investors) |
100,000 shares |
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Price range announcement |
April 26, 2026 |
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Offer period |
From May 10-14, 2026 |
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Final Allocation |
May 18, 2026 |
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Surplus refunds (if any) |
May 21, 2026 |
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Major Shareholders Before and After IPO |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
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Khalil Ibrahim bin Salama |
17.83 |
25.47% |
12.21 |
17.44% |
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Abdullah Ibrahim bin Salama |
11.1 |
15.87% |
7.46 |
10.66% |
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Abdulaziz Ibrahim bin Salama |
11.11 |
15.87% |
7.46 |
10.66% |
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Badr Ibrahim bin Salama |
6.12 |
8.74% |
4.11 |
5.87% |
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Basma Ibrahim bin Salama |
5.96 |
8.52% |
4.01 |
5.73% |
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Shaikha Eid Abdulaziz Aleid |
5.70 |
8.14% |
3.83 |
5.47% |
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Bassam Ibrahim bin Salama |
5.36 |
7.66% |
4.26 |
6.09% |
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Other shareholders |
6.82 |
9.73% |
5.66 |
8.08% |
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Public |
-- |
-- |
21.0 |
30.0% |
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Total |
70.0 |
100% |
70.0 |
100% |
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Additional Information |
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Financial advisor, lead manager, underwriter and book runner |
AlJazira Capital |
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Receiving Banks |
Derayah Financial – AlJazira Capital – 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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