CMA has over 51 IPO applications under review across various sectors: Official

Abdulaziz bin Hassan, a board member of the Capital Market Authority (CMA)

Abdulaziz bin Hassan, a board member of the Capital Market Authority (CMA), said more than 51 IPO applications are currently under review in sectors including healthcare, technology, and logistics.
 

Speaking at EFG Hermes' 11th Annual One-on-One Conference in London, attended by Argaam, Hassan noted that the value of debt instrument issuances in Saudi Arabia since the beginning of 2025 has reached nearly $228 billion. This represents more than half of the issuances in the region.
 

The official expects the percentage of debt instruments from GDP to rise to 28%, compared to about 18.4% currently.
 

Foreign investors’ ownership in the main market reached about $110 billion as of last July, marking a 108% increase since 2019 and nearly 500% since 2015, Hassan said. He stressed that these indicators reflect growing global confidence in the Saudi market.
 

The market cap exceeded $2.7 trillion, accounting for 62% of the total market cap in the MENA region.
 

The regulatory reforms and inclusion of the Saudi market in global indices enhanced its attractiveness, depth, and liquidity.
 

The official also said the next stage would focus on expanding global openness through allowing the licensing of offshore securities activities, enabling international institutions to directly provide their services to clients.