RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance.
The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone in Almasar’s journey toward becoming a publicly traded company.
The company had initially disclosed its intention to pursue a public listing on July 17, 2024, subject to regulatory approval and prevailing market conditions.
The IPO will include the registration and listing of all of Almasar’s shares on Tadawul, with the offering comprising a partial sale by existing shareholders. The move is expected to enhance transparency, broaden the shareholder base, and support the company’s long-term growth strategy in the Kingdom’s education sector.
Further details regarding the offer price, subscription period, and allocation will be disclosed in the prospectus upon publication.