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Fortune

World

Melissa Hancock

Saudi Arabia Rethinks IPO Rules as Investor Appetite Weakens

IPO Saudi Arabia CMA Tadawul Gulf HSBC

(Credit: FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia’s IPO market is currently grappling with its weakest performance in years.

Just three companies—Dar Al Balad, Saleh Abdulaziz Al Rashed, and MSGA—have listed across Saudi Arabia’s Tadawul and its smaller parallel market Nomu so far this year, raising a combined $144 million.

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