Saleh Abdulaziz Al Rashed & Sons

Saleh Abdulaziz Al Rashed & Sons (Ticker: SALEHALR AB) provides materials and components for mining and construction projects. Its products include cement, aggregates and crusher components, supplied to projects including NEOM and the Red Sea projects. Its operations include mining, drilling, assembly, logistics and trading. Founded in 1975, the company sells 100% secondary shares in the offering, with proceeds going to selling shareholders rather than the company.

The scheduled listing date on Saudi Exchange was March 11, 2026. The indicative price is SAR 45.00 per share. The base offering would represent SAR 251.10 million, approximately $66.96 million in gross proceeds.

ANB Capital Co, Al Rajhi Capital, Alinma Capital, Alistithmar for Financial Securities & Brokerage, Bank Al-Jazira and Derayah Financial LLC were named as managers and advisers.