13 listings on the Saudi Stock Exchange during Q1, raising SAR 7.1 billion

The first quarter of 2025 witnessed an increase in the pace of new offerings (initial subscriptions) on the Saudi Stock Exchange (Tadawul). This comes amid the ongoing efforts of the Capital Market Authority and the Saudi Stock Exchange (Tadawul Group) to enhance market efficiency and attract new investments.

The number of new initial public offerings (IPOs) in the first quarter of 2025 reached 13 on the TASI and Nomu markets. The number of companies listed on the main market in the first quarter of 2025 reached five new listings, raising a total of SAR 6,811 million. This was led by Umm Al-Qura Development and Construction Company (Masar), which raised approximately SAR 1,961.8 million for shares representing only 9.1% of the company’s capital.

The company owns the Masar Destination project in Makkah. The offering was oversubscribed 241 times. Al-Mousa Health Company followed, raising approximately SAR 1,688 million and listing on January 7, 2025. Derayah Financial came in third, raising approximately SAR 1,498.4 million, oversubscribed 162 times.

Nice One came in fourth, with an offering of SAR 1,212.8 million, representing 30% of the company’s capital. Production Production came in fifth and last, with the lowest offering proceeds, amounting to SAR 450 million, oversubscribed 208 times. The main financial market also witnessed the transfer of “Ruum Trading” from the parallel market, bringing the number of companies listed on the TASI to 253 by the end of the first quarter of 2025. As for the parallel market “Nomu,” it was noted that the number of new listings reached eight companies in the first quarter of 2025, including “Tawariyat Medical Care”, which was listed directly. The remaining seven companies raised approximately 259.5 million riyals.