Saudi Firms Advance IPO Plans in Boost for Flagging Local Bourse

Several Saudi Arabian firms are pressing ahead with plans for local listings, testing investor appetite in Riyadh at a time when volatile oil prices and geopolitical risks have weighed on the benchmark index.

Companies now looking to go public cut across a swathe of sectors, from an oil field services provider and a manufacturer to a telecommunications firm and a contractor. This would come as a boost for the kingdom, which hasn’t seen any significant listings in 2026, compared to at least three by this time last year.