More than 10 companies in Saudi Arabia are preparing to conduct their initial public offerings on the stock market, while more than 50 companies have submitted applications for listing, indicating the continued wave of subscription activity in the Kingdom.
Mohammed Al-Rumaih, CEO of the Saudi Stock Exchange (Tadawul), said in an interview: We have more than 10 initial public offerings that have received approval, but they are still waiting to build the order book and agree with asset managers to set the dates for listing and offering.
He added that the good thing about these offerings is not only their number, but also their diversity. They are companies from different sectors, different sizes, and at different stages of their life cycle.
