24 Hrs
Source:
الاقتصادية
TASI IPOs face longest hiatus in 3 years
The Saudi Stock Exchange "TASI" has halted IPOs for 116 days, marking the longest period without offerings in over three years. This pause is due to decreased investor appetite, a decline in market performance, high rates of unfulfilled offerings, and cancellations of IPOs. This year, the volume of IPOs has been weak, with only two companies launched compared to nine companies during the same period in 2025. Meanwhile, the total proceeds from IPOs have plummeted by nearly 99%, reaching 137 million SAR compared to 12.4 billion SAR last year. It is expected that three initial public offerings will be canceled by the end of this month due to companies not proceeding with their listing processes, despite approvals from the authority. The market continues to decline, and the performance of IPO shares remains at the lowest levels seen in five years.
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