PIF plans to offer 8 companies in 2026: Report

10:23 AM (Mecca time) Argaam
PIF explores offering a number of its subsidiaries this year

PIF explores offering a number of its subsidiaries this year

The Public Investment Fund (PIF) is considering offering a number of its subsidiaries this year, Semafor reported, citing people familiar with the matter.

 

The sovereign fund has earmarked up to eight companies for potential IPOs in 2026, including ArcelorMittal Jubail, a metal pipes producer; events management company Sela; Saudi Global Ports; Alkhorayef Petroleum; and CloudKitchens.

 

Richard Attias & Associates, the organizer behind the Kingdom’s flagship Future Investment Initiative conference, is also preparing for a potential IPO, along with district cooling firm Saudi Tabreed.

 

In addition, PIF is considering a sell-down of stakes in several already listed companies, including Riyad Bank.

 

Saudi Agricultural and Livestock Investment Co., a PIF-controlled firm, is meanwhile mulling a sale of part of its 16% stake in dairy company Almarai. The fund transferred the stake in Almarai to SALIC in 2021.

 

No final decisions on any share offerings or sell-downs have been made, and the timing of any transactions will depend on market conditions, the people said.

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