Saudi Market Rises as Regulators Tighten Scrutiny of IPO Pipeline

Saudi equities rose for a third straight week and finished at their highest level since June, while regulators also tightened their focus on the market’s IPO pipeline. The Capital Market Authority has been asking local and international banks about 2025 share sales, including how offerings were priced and how stock was allocated, after many recent listings fell below debut prices. The scrutiny reflects concern that weak IPO performance could undermine investor confidence and slow a market that is important to Saudi Arabia’s financing plans and wider economic reform agenda.