A number of companies are anticipated to go public on the Saudi Exchange (Tadawul) in 2026, with six firms having already received approval from the Capital Market Authority (CMA). These include Saleh Abdul Aziz Al-Rashed & Sons Co., Alromansiah Co., Alandalus Education Co., Aldyar Alarabiya Co., Dar Albalad Business Solutions Co., and Mutlaq Al-Ghowairi Contracting Co. In addition, there were 16 more listing applications under review by the end of September 2025, suggesting that the coming period could see a higher volume of IPO activity than in previous years, which saw 13, 14, and 8 IPOs in 2025, 2024, and 2023 respectively.

Furthermore, about 36 companies have publicly announced or reaffirmed their plans for future IPOs. Notably, several of these are directly or indirectly owned, fully or partially, by the Public Investment Fund (PIF), underlining the fund’s significant influence in shaping the landscape of public listings in the Saudi market.

Companies Expected to Launch IPOs in 2026