SARR IPO: 1.67 Million Shares at SAR 45 – Individual Subscription Starts Feb 12 2026

Logo of Saleh Abdulaziz Al‑Rashid & Sons (SAR)

Individual investors can begin subscribing on Thursday, Feb. 12, 2026 for 1.67 million shares of Saleh Abdulaziz Al‑Rashid & Sons (SAR) at SAR 45 per share, as determined through the order‑book building process.

The offering will remain open for four trading days, closing on the evening of Tuesday, Feb. 17, 2026.

Shares allocated to individual investors represent 30 % of the total 5.58 million shares offered in the public offering.

The Capital Market Authority approved the company’s request to register and issue 5.58 million shares on Sept. 22, 2025.

The total shares to be offered equal 30 % of the company’s SAR 186 million capital, divided into 18.6 million shares with a SAR 10 par value.

The institutional portion of the offering concluded last week, with demand covering the issue approximately 67.7 times the available shares.

Today’s SAR offering marks the first primary market IPO on the Saudi Stock Exchange in 2026.

Last year, the Saudi market saw 13 IPOs, including Draaya Financial on Feb. 20, Production on Feb. 26, Masar on May 5, United Carton Industries on May 12, Flynas on May 28, Specialized Medicine on Jun. 15, Clubs for Sports on Jul. 8, Dar Al‑Majid Real Estate on Aug. 14, Minzel Marketing for Trade on Aug. 19, Shari Trading on Nov. 12, Al‑Masar Al‑Shamil on Nov. 18, SGS on Nov. 26, and Al‑Ramz Real Estate on Dec. 7.

Key Company Information

Saleh Abdulaziz Al‑Rashid & Sons was founded in 1975 as a sole proprietorship in Riyadh under the name Saleh Abdulaziz Al‑Rashid Trading. It became a limited liability company in 2010, changed its name to Saleh Abdulaziz Al‑Rashid & Sons the following year, and converted to a closed joint‑stock company in 2023.

The company’s activities include operating quarries and producing construction materials (aggregates and asphalt), supplying crushers and the spare‑parts and heavy‑equipment sector, and delivering integrated infrastructure solutions.

Its operations are organized into a construction‑materials sales segment covering aggregates and asphalt, and a spare‑parts sales segment encompassing crushers, heavy equipment, installation and technical support.

The group operates seven quarry sites with 13 crushers, plus four asphalt‑mixing plants, supported by a fleet of approximately 563 trucks and about 700 pieces of heavy equipment.

According to the prospectus, the company employs 1,744 staff, including 204 Saudi nationals and 1,540 expatriates.

Geographic Footprint and Operations

The group operates eight quarries—six long‑term and two short‑term—located across Riyadh, Medina, the Eastern Province and Jeddah. Below are details of the long‑term aggregate quarries:

Company Market Share

Aggregate Quarry Operations

The group operates eight quarries, six long‑term and two short‑term, spread across Riyadh, Medina, the Eastern Province and Jeddah. Below are the details of the long‑term aggregate quarries:

For the short‑term quarries, the group deploys mobile crushing units that can be relocated as needed.

As of March 31, 2025, the group’s mobile crushing units were operating at the following short‑term quarry:

Deirab BSS project: The group operated one production crusher and one asphalt plant at the site for aggregate extraction; the project concluded in June 2025.

Subsidiaries

The company directly owns 100 % of three wholly‑owned subsidiaries and holds an 80 % stake in National Shield Mining, as shown in the table below:

Company Revenues:

The company reported a 20 % increase in revenue for 2024, reaching SAR 599.6 million versus SAR 498.7 million in 2023. The building‑materials segment accounted for 82 % of total revenue, while the spare‑parts segment contributed 18 %, as shown below:

In 2024, the Central Region generated the highest revenue at approximately SAR 346 million, representing about 58 % of total earnings. The Eastern Region followed with SAR 116.5 million (over 19 %), and the Western Region contributed SAR 112.8 million. The Northern and Southern regions posted the lowest revenues, as shown in the table below: