Saudi Press

Saudi Arabia and the world
Friday, Aug 08, 2025

Saudi bourse Tadawul is said close to initial offering at $4bn value

Saudi bourse Tadawul is said close to initial offering at $4bn value

Saudi Arabia’s stock exchange is close to announcing plans for a long-awaited initial public offering that could value it at as much as $4bn, according to people familiar with the matter.
Tadawul, as it is known, may publish details of its IPO as soon as this month, the people said, asking not to be identified because the information is private.

Deliberations are ongoing and no final decisions on timeframe have been taken, they said.

A representative for Tadawul declined to comment.

Riyadh has been the hottest market for IPOs in the Middle East in recent years, with new offerings oversubscribed, mostly by local retail and institutional investors. In 2019, the city hosted the $29bn offering of the world’s biggest oil producer, Saudi Arabian Oil Co, with shares being sold mostly to Saudi investors seeking guaranteed dividends.

Last month, Saudi Telecom Co’s Internet-services unit surged on its trading debut in Riyadh after drawing $126bn in orders for its IPO. Plenty more are in the pipeline, including those of Saudi Basic Industries Corp’s specialty chemicals business and cargo firm Saudi Arabian Logistics Co.

An IPO of Tadawul has been on the cards since at least 2016, when it hired HSBC Holdings Plc as an adviser. Things moved a step closer in April as Tadawul changed its corporate structure, creating subsidiaries for its exchange, clearing, depository and technology-services businesses. Soon after it hired Citigroup Inc, JPMorgan Chase & Co, and NCB Capital Co as financial advisers and global co-ordinators for the IPO.

A successful listing of Tadawul would represent one of the largest in the exchange sector since Euronext NV, the operator of markets in countries including Belgium, France, the Netherlands and Portugal, went public through a $1.2bn deal in 2014.

Boursa Kuwait found favour with investors for its market debut last year.

Elsewhere, National Stock Exchange of India Ltd has revived plans for an IPO, while Turkey’s sovereign wealth fund has considered a listing of Borsa Istanbul AS.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
×