Dar Al Balad Announces IPO Plans to Offer 30% of Shares on Tadawul
- Has issued its prospectus for an initial public offering (IPO) of 30% of its share capital on the Saudi Main Market (TASI), marking a key step in the...
- The company disclosed the prospectus on April 21, 2026, for the offering of 21 million shares, representing 30% of its 70 million share capital.
- The Capital Market Authority (CMA) had previously approved the company's request to register and list the shares on December 31, 2025.
Dar Albalad For Business Solutions Co. Has issued its prospectus for an initial public offering (IPO) of 30% of its share capital on the Saudi Main Market (TASI), marking a key step in the company’s plan to list on the kingdom’s stock exchange.
The company disclosed the prospectus on April 21, 2026, for the offering of 21 million shares, representing 30% of its 70 million share capital. The share offer price will be determined through the book-building process, with the retail subscription period scheduled for five working days from May 10 to May 14, 2026.
The Capital Market Authority (CMA) had previously approved the company’s request to register and list the shares on December 31, 2025. That approval is valid for six months from the date of the board’s decision and will lapse if the offering and listing are not completed within that period.
The IPO is structured into two tranches: Tranche A for participating parties entitled to the book-building process, and Tranche B for individual subscribers, including Saudi nationals, non-Saudi residents in the Kingdom, and GCC nationals with bank accounts at receiving entities who are allowed to open investment accounts. A total of 6.3 million shares, or 30% of the offered shares, will be allocated to Tranche B investors.
Dar Albalad, established in 2001 by Dr. Ibrahim bin Salamah, former Vice Chairman and Managing Director of SABIC, provides information technology services and solutions. The company has expanded its operations across the Gulf region and employs more than 600 experts and staff.
The company intends to proceed with the IPO despite ongoing regional uncertainties, as reported by Bloomberg on April 21, 2026, which noted the firm’s commitment to moving forward with its listing plans.
Proceeds from the offering will be used for general corporate purposes, though specific allocations were not detailed in the prospectus. The listing will be on the Main Market of TASI, subject to the completion of the book-building and subscription processes.