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.
Deals in the offing include AlKhorayef Petroleum, which has begun working ...