The company "Al-Kadouti" plans to issue the company "Al-Masar" ("Al-Masar") on the TASE in 2025. It is assumed that the structure of the "Al-Kadouti" group, the company "Al-Masar" ("Al-Masar"), is named after the public offering of shares (IPO) and will be included in the main segment of the stock exchange of the Saudi Arabia Stock Exchange - TASI. It is noted that the company's entry to the TASE is expected in the fourth quarter of 2025.
As reported in the press release, the project implementation requires six months with an investment of at least 2 billion riyals. This period is required for document preparation, active promotion and coordination with regulators.
"Inclusion of the company in TASE is an important step in the development strategy, which is aimed at increasing the transparency of financial reporting and attracting a wide range of investors," the statement said.
Exit to the TASE will allow the company to use the public infrastructure of the Saudi Arabia Stock Exchange, where all companies use public offerings to finance large-scale projects. In the current registration of "Al-Masar", the company will use public offerings to finance the projects of the listed companies.
