Mr Mandoob valued at over SAR 800M, eyes listing in 2026: CEO

Mr Mandoob is working with regulators to complete listing procedures, says CEO Obaid Al-Enazi

Obaid Al-Enazi, chief executive officer of delivery company Mr Mandoob, said the company is preparing to list on the Saudi stock market in the first half of 2026, after its valuation exceeded SAR 800 million.

He told Al Eqtisadiah that the company is working with regulators to complete listing procedures, while building new partnerships, enhancing services and expanding its use of technology to serve more than 14 million customers.

On mergers and acquisitions after the entry of a global player into Saudi Arabia’s delivery market, Al-Enazi said consolidation among local firms, alongside international competition, would support sector growth.

According to data compiled by Argaam, the company appointed Emkan Alarabiya as its financial adviser in August 2023 for a potential offering or listing on the Nomu-Parallel Market.

Mandoob founder Hammoud Al-Ghosn told Argaam in 2023 that the company planned to proceed with a Nomu listing.