25/06/2026 06:48 AST
Three local industrial companies are preparing for initial public offerings and listings on the Saudi stock market in the coming period, with some planning to list by the end of this year, according to executives and managers at those organizations who spoke to Al-Eqtisadiah.
These moves reflect a growing trend among Saudi industrial companies toward using the capital market as a tool to finance expansion, increase production capacity, and improve governance and transparency.
Bader Abdullah, general manager of 3P Gulf Group, told Al-Eqtisadiah that the company has a plan to list on the Saudi stock market in the coming phase. The firm currently operates facilities with a combined production capacity equivalent to 11 factories, manufacturing materials used in aircraft and automotive plastics.
He added that the company's investments have exceeded SR800 million ($213 million), supported by a recent expansion of its manufacturing footprint and exports to around 40 countries.
For his part, Ehab Naeim, senior sales manager at the Sarudi Factory For Drums Co., said the business intends to list on the Saudi stock market at the start of next year, noting that it is close to finalizing the listing procedures.
He added that since the company's founding around 36 years ago, its annual investment volume has reached about 45 million riyals, in addition to exporting its products to Gulf and Arab countries.
Meanwhile, Ahmed Alansi, CEO of Rfufco, told Al-Eqtisadiah that the company is exploring a listing on Saudi Arabia's parallel market, Nomu, in collaboration with a financial adviser. He said the offering could be completed by the end of the year, subject to regulatory approvals and procedural requirements.
He noted that the factory specializes in various storage solutions and systems, and has operated for about 20 years from its base in Sudair Industrial City, serving customers in Saudi Arabia and exporting its products to Gulf countries.
Number of listing applications on Tasi and Nomu declines in Q1
Saudi Arabia's Capital Market Authority noted in its report for the first quarter of 2026 that the number of pending listing applications on the main market TASI and the parallel market Nomu reached 33, compared with 45 at the end of the last quarter of 2025.
The applications were split between 10 pending applications on the main market and 23 pending applications for offerings or listings on the parallel market Nomu. The authority also approved share offerings for three companies on the main market and two firms on the parallel market during the first quarter of 2026.
Companies postpone listing plans at the last minute
However, in early June, Arabian Dyar Real Estate Development Co. postponed its plans to list its shares on the main Saudi market, a day after Mutlaq Al-Ghowairi Contracting Co. announced it would not proceed with its public offering.
MGC.'s cancellation of its listing plans on TASI came despite institutional subscription being fully completed and the offering being fully covered at the top of the price range, linking the decision to listing timing, share behavior after trading begins, and the ability of the valuation to hold up in the secondary market, rather than to the success of the subscription itself.
The latest weekly reading by Al-Eqtisadiah showed that Saudi shares rose at their fastest weekly pace in two months, with the TASI index closing at 11,121 points, up 0.72 percent. However, this performance came amid a roughly 5 percent decline in trading value to SR26.2 billion, placing the market's rise in the context of selective movement rather than a broad liquidity surge.
According to the analysis, with the high-interest-rate environment persisting and near-term rate-cut bets receding, the market may struggle to sustain its upward pace unless financial data emerges to support improved corporate profit margins or boost earnings growth expectations.
Arab News
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