Several Saudi family groups to go public over next two years: official

Many family-owned Saudi businesses are planning initial public offerings (IPOs) over 2019 and 2020, Nayef Al-Athel, Head of Listing at Tadawul, said on Sunday.

Four initial public offerings (IPOs) are still waiting for regulatory approval for several companies and REIT funds on Tadawul and Nomu-Parallel Market.

Officials from Tadawul visited 1,500 firms in the last three years to raise awareness about public listing, Al-Athel added in a forum held at Riyadh Chamber of Commerce & Industry.