Logo ofDar Albalad for Business Solutions
Dar Albalad for Business Solutions concluded its retail subscription for its initial public offering (IPO) on the Main Market (TASI), lead managers, financial advisors, bookrunners, and underwriter AlJazira Capital said in a statement to Tadawul today, May 17. 
The retail subscription period witnessed the participation of 90,231 investors at the final offer price of SAR 9.75 per share.
Total demand from retail investors reached approximately SAR 231 million, representing an oversubscription of 375.71% of the 6.3 million allocated retail shares, which account for 30% of the total offering.
A minimum of 10 shares was allocated to each investor in the retail tranche.
The remaining shares were allocated on a pro-rata basis according to each investor’s subscription size relative to total demand, with an average allocation factor of 23.7%.
It added that, based on the retail subscription results, the shares allocated to institutional investors were reduced to 14.7 million shares, representing 70% of the total offering.
According to Argaam data, retail investors started on May 10 subscribing to 6.3 million shares of Dar Albalad on the Main Market (TASI) at SAR 9.75 per share, based on the price determined through the book-building process.
On Dec. 31, 2025, the Capital Market Authority (CMA) approved the company’s application to float 21 million shares on TASI, representing 30% of its SAR 70 million capital, divided into 70 million shares, at a par value of SAR 1 each.
The company’s institutional offering, which ended last week, was 66.6 times covered.
Logo ofDar Albalad for Business Solutions
Dar Albalad for Business Solutions concluded its retail subscription for its initial public offering (IPO) on the Main Market (TASI), lead managers, financial advisors, bookrunners, and underwriter AlJazira Capital said in a statement to Tadawul today, May 17.
The retail subscription period witnessed the participation of 90,231 investors at the final offer price of SAR 9.75 per share.
Total demand from retail investors reached approximately SAR 231 million, representing an oversubscription of 375.71% of the 6.3 million allocated retail shares, which account for 30% of the total offering.
A minimum of 10 shares was allocated to each investor in the retail tranche.
The remaining shares were allocated on a pro-rata basis according to each investor’s subscription size relative to total demand, with an average allocation factor of 23.7%.
It added that, based on the retail subscription results, the shares allocated to institutional investors were reduced to 14.7 million shares, representing 70% of the total offering.
According to Argaam data, retail investors started on May 10 subscribing to 6.3 million shares of Dar Albalad on the Main Market (TASI) at SAR 9.75 per share, based on the price determined through the book-building process.
On Dec. 31, 2025, the Capital Market Authority (CMA) approved the company’s application to float 21 million shares on TASI, representing 30% of its SAR 70 million capital, divided into 70 million shares, at a par value of SAR 1 each.
The company’s institutional offering, which ended last week, was 66.6 times covered.
