Almasar Alshamil Education of Saudi Arabia is aiming to achieve 599 million riyals ($160 million) of its shares via IPO, with its final price being pegged at the highest of the SAR 19.50 per unit range.
The firm is an affiliate of Amanat Holdings, based in Dubai, and it is a provider of specialized education within the GCC.
The IPO will involve Almasar Alshamil Education issuing 30,720,400 ordinary shares on the Saudi Main Market, which is 30 percent of the Almasar Alshamil Education share capital.
The market capitalization implied at the listing is only slightly lower than SAR 2 billion.
The outcome of the institutional bookbuilding process was an orderbook amount of about SAR 61.6 billion with an oversubscription ratio of 102.9 times.
The individual subscriber offering will last three days, starting on November 18, 2025, and ending on November 20, 2025.
The final allocations will be announced by November 26, with excess subscriptions refunded by December 2.
SNB Capital has been appointed as financial advisor, lead manager, and underwriter on the offering. The institutional tranche also has joint bookrunners in SNB Capital and EFG Hermes Saudi Arabia.
The net proceeds of the offering will be directly paid to Amanat Special Education and Care Holdings Ltd. as the selling shareholder.
