Alkhudair Luxury Oud plans to go public in Saudi market soon

31/03/2025 Argaam
Logo ofAlkhudair for Luxury Oud Co.

Logo of Alkhudair for Luxury Oud Co.

Alkhudair for Luxury Oud Co. plans to offer its shares to the public soon in the Saudi market, CEO Ahmed Alkhudair told Al-Eqtisadiah.

 

The company is awaiting the final valuation ahead of the initial public offering (IPO).

 

For More IPOs

 

Alkhudair for Luxury Oud commenced operations in 2020 with SAR 250,000 in capital. It is currently valued at SAR 200 million.

 

The CEO added that the company plans to cultivate agarwood in Saudi Arabia in collaboration with the Ministry of Agriculture and several stakeholders to allocate land for its cultivation.

 

He emphasized that the Saudi market is witnessing significant commercial activity in the agarwood sector and is the largest in the world.

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