Saudi IPO Analysis & Corporate Finance

Valuation Intelligence for Saudi Capital Markets

Independent research, frameworks, and insights for decision-makers navigating Saudi IPOs and corporate finance.

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Consumer Staples IPO Analysis

Al Rashed Foods IPO Analysis

Deep-dive analysis of Al Rashed Foods' Tadawul listing. Evaluating the company's competitive position in Saudi dairy and consumer goods, valuation multiples vs. sector peers, and growth prospects in the evolving Saudi food market.

Valuation SAR 4.5B
Recommendation Hold
Target Price SAR 48.00
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Key Metrics

P/E Ratio 12.0x
P/B Ratio 2.14x
Revenue Growth (CAGR) 12.5%
ROE 17.9%

Live Data

Saudi IPO Tracker

19 IPOs Tracked
SAR 158.8B Total Market Cap
+38.7% Average Return
8 Sectors Covered
Consumer Discretionary +22.1%

Almasar Alshamil Education

4210 · February 18, 2025

IPO Price SAR 14.51
Market Cap SAR 2.0B
Consumer Discretionary +6.6%

Cherry Trading

4199 · January 10, 2025

IPO Price SAR 12.36
Market Cap SAR 1.4B
Consumer Discretionary +75.6%

Flynas Airlines

4095 · June 22, 2024

IPO Price SAR 66.47
Market Cap SAR 5.8B
Real Estate +112.5%

Umm Al Qura Development

4162 · March 11, 2024

IPO Price SAR 74.79
Market Cap SAR 7.5B

About the Author

Abdul Gaffar Mohammed, CFA

Corporate Treasury Professional managing SAR 1bn+ banking facilities, with experience executing SAR 2bn project financing deals. Deep expertise in equity research, valuation, and corporate finance.

Building decoded.finance to provide independent, rigorous analysis of Saudi capital markets — making institutional-quality research accessible to serious investors and finance professionals.

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