Saudi Arabia is set for a surge in initial public offerings (IPOs) over the next two years, with up to 56 new listings expected, according to Al Rajhi Capital. Dr. Sultan Altowaim, Head of Research at Al Rajhi Capital, shared that seven IPOs have already been approved or closed, with two scheduled for listing this...
Saudi Arabia ended 2024 on a high note with the successful IPO of AlMoosa Health, which saw overwhelming interest from retail investors. The offering attracted 395,986 individual investors who subscribed at SR127 per share, resulting in a staggering 408.7% oversubscription for the retail tranche. This marks the second healthcare IPO in Saudi Arabia this year,...