Three industrial companies planning to list on the Saudi stock market

RIYADH: Three local industrial companies are preparing for initial public offerings and listings on the Saudi stock market in the coming period, with some planning to list by the end of this year, according to executives and managers at those organizations who spoke to Al-Eqtisadiah.

These moves reflect a growing trend among Saudi industrial companies toward using the capital market as a tool to finance expansion, increase production capacity, and improve governance and transparency.

Bader Abdullah, general manager of 3P Gulf Group,…