Arabian Company for Agricultural and Industrial Investment’s (Entaj Foods) share price jumped the maximum 30% on its Tadawul debut, to close at SAR 65 apiece on its first day of trading up from its final IPO price of SAR 50, according to market data.

The company’s shares are allowed to fluctuate within a ±30% band, with a static fluctuation band of ±10% on the first three days of trading. Starting from the fourth day, shares will be allowed to trade at ±10% as circuit breakers take effect, and the static fluctuation limit will be removed.

BACKGROUND- The Riyadh-based poultry producer’s selling shareholder Arabian AgricultureServices (ARASCO) raised SAR 450 mn in proceeds through the sale of the 30% stake, closing at 208.4x oversubscription.

THE IPO PIPELINE AHEAD-

Key Tadawul listings to watch out for in 2025:

  • The PIF’s Saudi Global Ports has tapped banks including Goldman Sachs and HSBC to arrange an upcoming IPO;
  • PIF-backed Tabreed District Cooling has also reportedly hired Citigroup and SNB Capital to manage a potential IPO on Tadawul;
  • Medical procurement firm Nupco — a unit of the PIF — has reportedly tapped Rothschild & Co as financial advisor for its potential Tadawul IPO;
  • Budget airline Flynas is reportedly looking to go public this year;
  • BNPL platform Tabby plans to IPO during the 2025-2026 window;
  • Local tech services firm Ejada Systems has secured approval from the Capital Markets Authority (CMA) last month to take a 45% stake to market.

Zooming out: A total of 38 companies and 22 funds are planning to list across the region this year, signaling continued investor confidence in MENA markets. Saudi Arabia is set to lead the charge with 26 upcoming public offerings.

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