Logo ofAlmasar Alshamil Education Co.
SNB Capital, the financial advisor, lead manger and underwriter, with the participation of EFG-Hermes Saudi Arabia in their capacity as book runners for the institutional subscription in the initial public offering of Almasar Alshamil Education Co. on the Main Market (TASI) announced finalizing the retail subscription. 
In a statement to Tadawul, the company said that the retail subscription period, which ran for three days from Nov. 18 to Nov. 20, 2025, witnessed the subscription by nearly 95,700 investors at a final offer price of SAR 19.50 per share, generating a retail tranche oversubscription level of 1.21x with total retail demand of approximately SAR 218.2 million.
The retail tranche represented 30% of the total shares on offer.
Individual investors will receive a minimum of 10 share each, while the remaining shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares with an average allocation factor of 80.7%.
Based on the results of the retail subscription process, the shares allocated to participating parties will be scaled back to 21.5 million shares, representing 70% of the total offered shares, the company added.
According to Argaam’s data, retail investors started on Nov. 18 subscribing to 9.22 million shares of Almasar Alshamil on the Main Market (TASI) at SAR 19.50 each – the price determined through the book-building process.
The company’s institutional offering was 102.9x covered.
Logo ofAlmasar Alshamil Education Co.
SNB Capital, the financial advisor, lead manger and underwriter, with the participation of EFG-Hermes Saudi Arabia in their capacity as book runners for the institutional subscription in the initial public offering of Almasar Alshamil Education Co. on the Main Market (TASI) announced finalizing the retail subscription.
In a statement to Tadawul, the company said that the retail subscription period, which ran for three days from Nov. 18 to Nov. 20, 2025, witnessed the subscription by nearly 95,700 investors at a final offer price of SAR 19.50 per share, generating a retail tranche oversubscription level of 1.21x with total retail demand of approximately SAR 218.2 million.
The retail tranche represented 30% of the total shares on offer.
Individual investors will receive a minimum of 10 share each, while the remaining shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares with an average allocation factor of 80.7%.
Based on the results of the retail subscription process, the shares allocated to participating parties will be scaled back to 21.5 million shares, representing 70% of the total offered shares, the company added.
According to Argaam’s data, retail investors started on Nov. 18 subscribing to 9.22 million shares of Almasar Alshamil on the Main Market (TASI) at SAR 19.50 each – the price determined through the book-building process.
The company’s institutional offering was 102.9x covered.
