RIYADH: About 77 percent of startup founders in Saudi Arabia are considering an initial public offering, with 91 percent favoring a domestic listing on the Saudi Exchange, according to a new report.
The survey, published by Endeavour Saudi Arabia in collaboration with Saudi Venture Capital Co., identifies a rising pipeline of companies preparing for public markets as the Kingdom’s private capital ecosystem evolves.
The report, titled “From Startup to IPO: Strengthening the IPO Pipeline in Saudi Arabia,” highlights a shift in founder and investor sentiment, with more enterprises being established to satisfy the scale, governance, and operational standards required for listing.
Saudi Arabia’s diversification push is gaining traction, as more companies look to public markets for growth and long-term value. As the Kingdom works to minimize its decades-long reliance on oil, expanding capital markets has become a critical component of Vision 2030.
Nora Alsarhan, SVC’s deputy CEO and chief investment officer, stated, “These indicators reflect the accelerated development of Saudi Arabia’s private capital ecosystem, built through cumulative efforts.”
Ongoing ecosystem development, such as greater early-stage capital deployment, strengthened regulatory frameworks, and higher company preparation, are among the factors driving the growth of IPOs in the Kingdom.
Also Read:
Dr. Hussein Almuhtaseb: A Visionary in the Ophthalmology Landscape
Issam Mhanna: Turning Every Space into Timeless Experiences
