Amanat Holding Company announced that its wholly owned subsidiary, Al-Masar Al-Shamil for Education, has obtained approval from the Saudi Capital Market Authority to register its shares and offer them for an initial public offering (IPO) on the main market of the Saudi Stock Exchange (Tadawul).

The Capital Market Authority’s approval allows the company to offer 30,720,400 shares as part of the IPO, representing 30% of the company’s issued capital.

More details—including financial data, management team, operational activities, and risks—will be disclosed in the prospectus to be published before the start of the subscription period.