Saudi Arabian quick-commerce giant Ninja is advancing plans to list on the Saudi Exchange (Tadawul), navigating past current geopolitical volatility in the Middle East. Reaching unicorn status rapidly since its launch, the company is actively engaging with international and regional investors to lock in its public debut.
Quick Facts
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Valuation now exceeds the $1 billion unicorn threshold.
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Expanding operations across Bahrain, Kuwait, and Qatar.
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IPO slated for later this year or early 2027.
Advancing Tadawul Listing Amid Market Volatility
The quick-commerce firm recently held high-level meetings with investors and participated in a banking conference in the United Kingdom this March.
Ninja is currently in the final stages of selecting investment banks to manage the initial public offering, signaling strong momentum for the upcoming listing.
The decision to proceed indicates firm confidence from the company’s leadership and its financial backers, despite broader regional market fluctuations caused by the Middle East conflict.
Rapid GCC Expansion
Founded in 2022, Ninja quickly scaled its operations beyond its home base in Saudi Arabia. The startup now operates across key Gulf markets, executing a rapid regional rollout in Bahrain, Kuwait, and Qatar.
Heavy financial backing from Saudi institutional and semi-government entities fueled this growth trajectory, pushing the private startup into the highly coveted unicorn club within just a few years of operation.
About Ninja
Launched in 2022, Ninja is a Saudi Arabian quick-commerce platform delivering everyday essentials. Driven by strong institutional backing, the company has rapidly grown into a regional tech unicorn with an expanding footprint across multiple GCC nations.
Source: Zawya
