Saudi IPO Pipeline Set for H2 2026 Pickup, BSF Capital Says

Amir Riad, Head of Investment Banking at BSF Capital, expects IPO activity in the Saudi market to pick up in the second half of 2026. A strong pipeline of listing-ready companies is the main driver, he said.

The forecast comes as the Saudi exchange, Tadawul, has seen a slower pace of new listings in recent quarters. Riad did not specify which companies are in the pipeline or estimate the total potential deal value.

Saudi Arabia has pushed to deepen its capital markets under the Vision 2030 economic reform plan. The government and state-linked entities have been among the largest issuers, alongside a growing number of private-sector firms.

Riad's outlook suggests the second half of 2026 could bring a more active period for Saudi equity capital markets, though the timing and size of individual deals remain uncertain.