Almasar Alshamil Education, a major specialised education firm in the GCC, saw its shares rise 18.41% following its profitable listing on the Saudi Exchange (Tadawul) on Wednesday. The shares finished at 23.09 Saudi riyals, up 3.59 riyals from their IPO price.
Almasar Alshamil Education issued 30,720,400 ordinary shares, accounting for 30% of the total share capital. The IPO raised 599 million Saudi riyals, with corporate demand exceeded by 103 times, resulting in orders worth about 62 billion riyals. At the time of listing, the company’s market capitalisation was 1.997 billion riyals, with Amanat Holdings PJSC holding the majority interest.
This listing marks the establishment of a new financial bridge between Saudi Arabia and the UAE. Our nations share desire and vision, and this listing allows us to share finance, opportunity, and a united regional marketplace. Almasar proudly stands at the crossroads of ambition 2030 and the UAE’s ambition for long-term prosperity and innovation, forging a future powered by information, skills, and human capital. Almasar is honoured to be one of such bridges,” Vayalil stated.
Also Read:
Hilton-branded homes in the United Arab Emirates are signed by Prestige One Developments
SIBF 2025 Reveals the Schedule of Workshops Led by International Specialists
