In a spectacular market debut, Almasar Alshamil Education witnessed its shares surge by 18.41% during Wednesday’s trading session on the Saudi Exchange (Tadawul). The specialized education group’s stock concluded at 23.09 Saudi riyals, representing a substantial gain of 3.59 riyals above its initial public offering price and securing its position as the day’s top performer.
The company’s successful market entry followed a heavily oversubscribed institutional offering that attracted orders worth approximately 62 billion riyals—exceeding available shares by 103 times. Through the placement of 30,720,400 ordinary shares, equivalent to 30% of its total share capital, Almasar Alshamil Education raised 599 million riyals, establishing a market valuation of nearly 2 billion riyals at listing. Amanat Holdings PJSC maintains majority ownership following the public offering.
The listing ceremony featured prominent diplomatic and financial figures, including Nasser Al Ajaji (Tadawul’s Chief of Listing), Dr. Shamsheer Vayalil (Chairman of Almasar Alshamil Education), Matar Al Dhaheri (UAE Ambassador to Saudi Arabia), and Dr. Suhel Ajaz Khan (Indian Ambassador to Saudi Arabia).
Dr. Vayalil characterized the listing as “the rise of a new economic bridge between Saudi Arabia and the UAE,” emphasizing shared vision and opportunity between the nations. “Through this listing, we are sharing capital, opportunity, and a unified regional marketplace,” he stated, noting the company’s alignment with both Saudi Vision 2030 and UAE sustainable development objectives.
Operating across Saudi Arabia and the UAE, Almasar Alshamil Education serves approximately 28,000 students through higher education institutions, special education needs centers, and conventional schools, providing comprehensive educational services throughout the learning ecosystem.