TASI IPOs' longest absence in 8 years

The Saudi Arabian main stock market experienced its longest hiatus from initial public offerings (IPOs) in over three years, with no new listings for 161 days since the last company, Dar Al-Balad, went public in April. During this period, the Tadawul All Share Index (TASI) declined by 1%, reaching 11,012 points. Additionally, the total proceeds from IPOs dropped to 446 million riyals, compared to 12.4 billion riyals during the same period last year. The Capital Market Authority (CMA) is working to improve the IPO environment through regulatory reforms aimed at increasing the reliability of orders and the accuracy of pricing processes, with the goal of enhancing market attractiveness and encouraging more listings. However, despite these reforms, company interest has waned, with three IPOs officially canceled. The market has also seen a decline in both the number and size of IPOs, with proceeds in 2026 significantly lower than in previous years. Since 2006, total IPO proceeds have reached approximately 328.2 billion riyals, with the 2019 edition being the largest ever.

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