Saudi IPO Calendar

Financial Services · TASI · IPO

Tentative: 2026 (est.)

MENA's leading buy-now-pay-later (BNPL) fintech, founded in 2019 and headquartered in Riyadh. Profitable, with 15 million+ registered users, 40,000+ merchant integrations (Amazon, IKEA, Adidas, Samsung), and annualized transaction volume exceeding $10 billion — growing 67% in 2024. Valued at $4.5 billion in an October 2025 secondary sale. Total funding exceeds $1.65 billion. HSBC, JPMorgan, and Morgan Stanley engaged as IPO advisors. SAMA-licensed. Saudi Arabia accounts for approximately 80% of its customer base.

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Energy · TASI · IPO

Tentative: H1 2026 (est.)

Saudi oil and gas services company founded in 1980, headquartered in Dammam. The only Gulf-based manufacturer of electric submersible pumps. Provides artificial lift systems, wireline services, and production optimisation solutions across 13 countries in the Middle East, Africa, and Latin America. PIF holds a 25% stake acquired in 2023. Citigroup, JPMorgan, and BSF Capital engaged as IPO advisors.

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Consumer Services · TASI · IPO

Tentative: 2026–2027 (est.)

MENA's largest home-grown e-commerce platform, operating across Saudi Arabia, UAE, and Egypt. Founded in 2016 by Mohamed Alabbar with backing from PIF. Valuation of approximately $10 billion. Generated $5–6 billion in gross merchandise value (2024) and employs approximately 40,000 delivery drivers. Raised $500 million in December 2025, led by PIF. Plans a dual listing on TASI and the Abu Dhabi Securities Exchange, targeting profitability first.

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Transportation · TASI · IPO

Tentative: 2026 (est.)

Saudi Arabia's largest container port operator, established in 2012. A joint venture between PIF and PSA International (Singapore, one of the world's largest port operators). Operates the container terminals at King Abdulaziz Port in Dammam — the largest port on the Persian Gulf — plus three rail-linked intermodal terminals across Riyadh and Dammam. Currently developing the Dammam Integrated Logistics Zone. Part of PIF's 2026 IPO pipeline.

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Materials · TASI · IPO

Tentative: H2 2026 (est.)

State-of-the-art seamless tube mill in Jubail Industrial City, operational since 2014. A joint venture between ArcelorMittal (world's largest steel producer), Al-Tanmiah Industrial and Commercial Investment Company, and PIF. Designed production capacity of 600,000 tons per annum, supplying upstream, midstream, and downstream energy markets across the Middle East, Africa, and beyond. Part of PIF's 2026 IPO pipeline.

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Consumer Staples · TASI · IPO

Tentative: 2026 (est.)

One of Saudi Arabia's largest supermarket chains with over 200 stores nationwide. Subsidiary of Savola Group, which has been exploring an IPO or partial stake sale since 2022. Part of the high-profile 2026 Saudi IPO pipeline with significant consumer staples exposure across the Kingdom.

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Real Estate · TASI · IPO

Tentative: 2026 (est.)

PIF-backed real estate developer and Saudi Arabia's largest master-plan community developer. Developing over 400,000 homes across 10+ cities in line with Vision 2030 housing targets. Notable projects include SEDRA (Riyadh), ALAROUS (Jeddah), and WAREFA (Riyadh). One of the most anticipated PIF portfolio IPOs for 2026.

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Consumer Services · TASI · IPO

Tentative: Mar 2026 (CMA approval expires 29 Mar 2026)

Saudi Arabia's leading traditional restaurant chain, founded in 1997. Operates 50 branches nationwide plus branches in Bahrain, with over 5,000 staff. Serves 5.9 million meals and processes 2.5 million deliveries and 7.5 million pickup orders annually. Commands approximately 44% market share in traditional Saudi cuisine. CMA approved the offering of 18 million shares (30% of capital) on 29 Sep 2025 — approval expires 29 Mar 2026. No subscription dates announced as of 13 Mar 2026. Risk of lapse is HIGH.

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Consumer Services · TASI · IPO

Tentative: Q2 2026 (CMA deadline ~May 2026)

Saudi K-12 private school operator with 10 campuses across 7 cities and over 18,000 enrolled students — covering Jeddah, Taif, Mecca, and neighbouring cities. SEDCO Holding holds a minority stake following the transfer of its Yusr International School into the company. CMA approved the offering of 30% of capital in November 2025.

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Real Estate · TASI · IPO

Tentative: H1 2026 (CMA deadline ~Jun 2026)

Jeddah-based real estate developer with an investment portfolio of approximately SAR 15 billion. Designs, develops, and builds residential, mixed-use, and urban community projects across Saudi Arabia — including Dyar AlHaram (Makkah), Saheel (Riyadh), and Bouvardia City (Jeddah). Expanding into industrial real estate and hospitality. CMA approved the offering of 97.5 million shares (30% of 325 million total) on 31 Dec 2025, valid until late June 2026.

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Commercial & Professional Services · TASI · IPO

Tentative: H2 2026 (CMA deadline ~Jul 2026)

Saudi IT services and business solutions company founded in 2001. Revenue exceeds SAR 200 million with net profit of over SAR 30 million (2023). 600+ employees serving banking, insurance, and government sectors. Strategy focuses on AI, IoT, and cybersecurity expansion through strategic partnerships. CMA approved the offering of 21 million shares (30% of capital) on 1 Jan 2026, valid until July 2026.

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Capital Goods · TASI · IPO

Tentative: H2 2026 (CMA deadline ~Jul 2026)

Mutlaq Al-Ghowairi Contracting Company — a leading Saudi infrastructure and EPC contractor founded in 1977. Zero-debt balance sheet, 2,550+ employees, and a fleet of 2,150+ pieces of equipment. Reported potential valuation of SAR 12–15 billion (~$3.2–4 billion). Al Rajhi Capital acting as financial advisor, lead manager, and bookrunner; Moelis & Co as independent financial advisor. CMA approved the offering of 30% of capital on 1 Jan 2026.

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Materials · TASI · IPO

Tentative: Feb 2026

Saudi construction materials company. Saudi Arabia's first IPO on the main market in 2026. Offered 5.58 million shares (30% of capital) at SAR 45 per share. Retail tranche ran Feb 12–17, 2026 and was 161% oversubscribed with 38,300+ subscribers. CMA had approved the listing in September 2025.

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