The emblem of Saleh Abdulaziz Al -Rashed and his kids
The Capital Market Authority introduced the issuance of its council’s choice on September 22, 2025, which incorporates approval of the corporate’s request Saleh Abdulaziz Al -Rashed and his kids The registration of its shares and the providing of 5.58 million shares for public subscription represents 30% of the overall shares of the corporate, in the principle market.
The authority acknowledged that the issuance bulletin will probably be revealed sufficiently earlier than the subscription date.
To see extra information and particulars of the subscriptions
She added that her approval of the request is taken into account a window for a interval of 6 months from the date of the choice of the authority’s council, and approval is canceled within the occasion of the completion of the providing and inclusion of the corporate’s shares throughout this era.
It’s noteworthy that the work of the corporate relies on two principal sectors, that are constructing supplies gross sales (Al -Bashr, asphalt), and gross sales of spare elements, crushers and heavy gear.
The corporate’s capital is 186 million riyals, and manages a diversified funding construction that features 100% full possession in three subsidiaries, along with a 80% stake in one other firm.
Saud Abdulaziz Al -Rashed, the corporate’s CEO, had acknowledged in an interview with numbers Not too long ago, it has 7 quarry websites that embody 13 crushers, along with 4 factories to combine asphalt, supported by a fleet exceeding 563 vans and about 700 heavy gear, together with a distribution community that features 17 wholesale gross sales websites masking varied areas of the Kingdom.
He affirmed that the corporate’s subsequent firm’s technique focuses on introducing new merchandise corresponding to silica and calcium carbonate, whereas increasing manufacturing capability and elevating operational effectivity, because it focuses on increasing its fleet, which as we speak consists of greater than 563 vans and 700 heavy stomachs, along with elevating the effectivity of productive capabilities and distribution networks.
