Saudi Arabia’s Capital Market Authority (CMA) has given its approval for three additional companies to proceed with Initial Public Offerings (IPOs) on the main market of the Saudi Exchange. This move underscores the continued momentum in the Kingdom’s capital markets and brings the total number of companies poised for a public listing to six.
Meet The Newly Approved Companies
The latest approvals span diverse sectors of the Saudi economy, reflecting a broadening of investment opportunities on the exchange. The three companies are:
- Al Masar Al Shamil Education Company: An operator of schools and training centers within the Kingdom’s growing education sector.
- EFSIM Facilities Management Company: A firm specializing in property and facilities management services.
- Al Romanisah Company: The operator of a popular chain of Saudi restaurants, tapping into the robust food and beverage industry.
Listing Details and Timeline
According to the CMA’s announcement, each of the three companies has received approval to float 30 percent of its total share capital. Following the approval, the companies have a six-month window to formally begin their IPO process. Prospectuses for the offerings have not yet been published.
Continued Momentum In The Saudi IPO Market
Despite a challenging global economic environment, the Saudi IPO market remains active. So far in 2025, companies listing on the Saudi Exchange have successfully raised a combined $3.3 billion. This follows a strong 2024, where IPOs generated $4.1 billion, excluding the landmark offering of Saudi Aramco.
About The Capital Market Authority
The Capital Market Authority (CMA) of Saudi Arabia is the sole regulator and supervisor of the capital markets in the Kingdom. It is responsible for issuing regulations, protecting investors, and promoting the development of a fair, transparent, and efficient market.
Source: AGBI
