Saleh Abdulaziz Al Rashed & Sons Co (Ticker: SALEHALR AB) is a Saudi Arabian company specializing in the mining and construction materials sector. Saleh Abdulaziz Al Rashed & Sons is expected to list on the Saudi Arabia exchange on March 11, 2026, offering 5.58 million shares at a price of SAR 45.00 per share. The IPO is expected to raise an offer size of SAR 251.10 million (approximately USD 66.97 million).

Founded in 1975, the company operates across mining, drilling, assembling, logistics, and trading. It supplies essential building products, including cement, aggregates, and crusher components, to major national initiatives like NEOM and the Red Sea projects.

According to sources, the offering consists of 100% secondary shares, indicating that the IPO proceeds will be directed entirely to the selling shareholders rather than the company itself. Reportedly, the managers and advisers for the offering include ANB Capital Co, Al Rajhi Capital, Alinma Capital, Alistithmar for Financial Securities & Brokerage, Bank Al-Jazira, and Derayah Financial LLC.