Mohamed Obaid, co-CEO of EFG-Hermes Holding, expects the Saudi Exchange (Tadawul) to witness a surge the activity of initial public offerings in the coming period in the education, healthcare and consumer sectors, as they are among the top candidates for new listings in the market.
In an interview with Argaam on the sidelines of the 19th annual EFG Hermes’ One-on-One conference in Dubai, Obaid added that investors are anticipating the timing of these IPOs, given the current market fluctuations and the need for more economic stability to allow for an accurate evaluation of the targeted companies. 
He also pointed out that there is a growing interest by foreign institutional investors in the Saudi market, driven by the high participation in IPOs, indicating that the number of investment accounts has increased significantly, with investors managing between 30 to 40 accounts, compared to only one or two accounts previously.
Mohamed Obaid, co-CEO of EFG-Hermes Holding, expects the Saudi Exchange (Tadawul) to witness a surge the activity of initial public offerings in the coming period in the education, healthcare and consumer sectors, as they are among the top candidates for new listings in the market.
In an interview with Argaam on the sidelines of the 19th annual EFG Hermes’ One-on-One conference in Dubai, Obaid added that investors are anticipating the timing of these IPOs, given the current market fluctuations and the need for more economic stability to allow for an accurate evaluation of the targeted companies.
He also pointed out that there is a growing interest by foreign institutional investors in the Saudi market, driven by the high participation in IPOs, indicating that the number of investment accounts has increased significantly, with investors managing between 30 to 40 accounts, compared to only one or two accounts previously.
