{"id":102064,"date":"2025-11-03T00:00:00","date_gmt":"2025-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/03\/almasar-education-markets-tadawul-ipo-at-sar-18-5-19-5-per-share\/"},"modified":"2025-11-03T00:00:00","modified_gmt":"2025-11-03T00:00:00","slug":"almasar-education-markets-tadawul-ipo-at-sar-18-5-19-5-per-share","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/03\/almasar-education-markets-tadawul-ipo-at-sar-18-5-19-5-per-share\/","title":{"rendered":"Almasar Education markets Tadawul IPO at SAR 18.5-19.5 per share"},"content":{"rendered":"

Almasar Education is guiding on a price range of SAR 18.50-19.50 for its <\/strong>main<\/a><\/strong>market IPO<\/a><\/strong>, it said in <\/span>a press release<\/a>. At the top of the range, the sale could raise up to SAR 599 mn, valuing the company at roughly SAR 2 bn at listing. That figure falls short of earlier expectations, after Reuters reported last year that the offering could fetch around USD 300 mn in proceeds.<\/span><\/p>\n

REFRESHER- <\/strong>Almasar, formerly Amanat Education, is taking a 30% stake to market via a secondary sale of 30.7 mn shares. The IPO will see its sole owner Dubai-based Amanat Holdings offload part of its stake and pocket all the proceeds, barring SAR 38 mn to cover listing expenses. Amanat will retain a 70% holding in Almasar post-IPO, with the remaining shares subject to a six-month lock-up period.<\/p>\n

What\u2019s next?<\/strong> Institutional investors have until Thursday, 6 November to place orders, with a maximum subscription of 5.1 mn shares each and a minimum of 100k. The retail tranche will open later this month between 18-20 November, during which individual investors can apply for up to 250k shares each. Final allocations will take place on Wednesday, 26 November.<\/p>\n

ADVISORS- <\/strong>Our friends at EFG Hermes co-managed bookbuilding alongside SNB Capital, who is quarterbacking the transaction as the financial advisor, bookrunner, and underwriter. Clifford Chance is providing counsel to the issuer, while Baker Mackenzie is advising the bookrunner. PwC is handling financial and tax due diligence, Euromonitor International is providing market research, and Deloitte is acting as the auditor.<\/p>\n

Receiving agents <\/strong>include EFG Hermes, SNB Capital, Riyadh Capital, Saudi Fransi Capital, AlJazira Capital, Yaqeen Capital, AlBilad Capital, ANB Capital, Derayah Financial, AlRajhi Capital, Alistithmar Capital, Alinma Investment, Sab Invest, Alkhabeer Capital, Sahm Capital, GIB Capital, Musharaka Capital, and Awaed Al Osool Capital.<\/p>\n

ALSO IN THE PIPELINE-<\/strong><\/p>\n