Robert Vydra, Partner and Head of Equity Capital Markets at STAT, led the firm’s legal team advising Saleh Abdulaziz Al Rashed & Sons Company on its SAR 251.1 million initial public offering on the Main Market of Saudi Exchange.

STAT acted as legal adviser to the issuer. The company’s shares commenced trading on 11 March 2026.

The IPO comprised 5.58 million existing shares at SAR 45 per share, representing 30 per cent. of the company’s share capital.

The offering was a sale by existing shareholders; the company did not receive the offering proceeds.

The company’s activities include construction materials and mining solutions, together with spare parts, crushers and heavy machinery.

Its business connects operating assets and production activities with the equipment and services used in the construction and industrial supply chain.

Saudi capital-markets experience in mining and construction materials

In addition to his work on Al Rashed & Sons’ IPO, Robert Vydra advised Saudi Arabian Mining Company (Ma’aden) on its approximately SAR 3 billion capital increase through debt conversion. His earlier issuer-side IPO experience also includes TALCO, in aluminium manufacturing, and Marketing Home Group, in building products retail and distribution.

These mandates complement his work for Al Rashed across mining and the manufacturing and distribution of construction-related products.

For a business combining construction materials, mining solutions and equipment, IPO preparation needs to explain both how those activities fit together and where their operating requirements differ.

The business description, legal due diligence and prospectus disclosure should connect each activity with its operating assets, permits and material commercial arrangements, rather than leave investors with a disconnected list of subsidiaries and assets.

About the lead partner

Robert Vydra is Partner and Head of Equity Capital Markets at STAT in Riyadh.

He has advised on Saudi capital markets since 2007, with a practice covering issuer-side IPOs, prospectus disclosure, transaction structuring and continuing obligations.

Preparing an industrial or construction-materials business for an IPO?

To discuss IPO readiness, legal due diligence, group structure or prospectus disclosure for an industrial or mining-related issuer, contact Robert Vydra.
rvydra@statlawksa.com | +966 55 001 5326