‎CMA probes investment banks about 2025 IPOs: Report

Source: Argaam - Main News
Source link: https://www.argaam.com/en/article/articledetail/id/1930846
Published: 2026-08-20 16:36:00
Discovered by ProcIntel: 2026-08-20 16:28:32
Category: GCC Spotlight
Geography: Saudi Arabia
Organisations: —
Review status: Pending
Record type: REAL

Summary

‎<img src="https://argaamplus.s3.amazonaws.com/89d09428-925d-48ea-a4e7-f2cec2ba2828.png" > Tadawul trading screen <hr> <div data-olk-copy-source="MessageBody" >Saudi Arabia’s Capital Market Authority (CMA) sought information from local and international investment banks on initial public offerings (IPOs) carried out in 2025.</div> <div data-olk-copy-source="MessageBody" ></div> <div >The move comes after shares in several newly listed companies fell sharply, Asharq Bloomberg reported, citing a source familiar with the matter.</div> <div ></div> The source said CMA sought, earlier this year, to scrutinize the pricing mechanisms and the allocation of shares to investors. The review of procedures and practices could pave the way for reforms aimed at strengthening investor confidence in the Saudi Exchange and ensuring that it continues to serve as a key financing channel for companies’ expansion and the Kingdom’s economic plans, the source added. According to data available with Argaam, a total of 15 companies were listed on Tadawul during 2025. All of them, except Masar and Al Masar Al Shamil, recorded declines from their respective debut prices, with the two shares gaining 1% and 25%, respectively, based on their closing prices on Aug. 20. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="5" > Performance of Companies Listed in 2025 </td> </tr> <tr > <td > Company </td> <td > IPO price(SAR) </td> <td > Tradable Price (SAR)* </td> <td > Closing Price (SAR) </td> <td > Change** </td> </tr> <tr > <td > Nice One </td> <td > 35.00 </td> <td > 42.00 </td> <td > 11.80 </td> <td > (72%) </td> </tr> <tr > <td > Entaj </td> <td > 50.00 </td> <td > 60.00 </td> <td > 23.22 </td> <td > (61%) </td> </tr> <tr > <td > Al Majdiah </td> <td > 14.00 </td> <td > 13.93 </td> <td > 6.51 </td> <td > (53%) </td> </tr> <tr > <td > Build Station </td> <td > 85.00 </td> <td > 85.25 </td> <td > 41.54 </td> <td > (51%) </td> </tr> <tr > <td > UCIC </td> <td > 50.00 </td> <td > 51.55 </td> <td > 27.32 </td> <td > (47%) </td> </tr> <tr > <td > Derayah Financial </td> <td > 30.00 </td> <td > 36.00 </td> <td > 20.38 </td> <td > (43%) </td> </tr> <tr > <td > flynas </td> <td > 80.00 </td> <td > 77.00 </td> <td > 49.28 </td> <td > (36%) </td> </tr> <tr > <td > CGS </td> <td > 10.00 </td> <td > 10.25 </td> <td > 6.62 </td> <td > (35%) </td> </tr> <tr > <td > SMC </td> <td > 25.00 </td> <td > 24.56 </td> <td > 16.02 </td> <td > (35%) </td> </tr> <tr > <td > Almoosa </td> <td > 127.00 </td> <td > 152.30 </td> <td > 117.60 </td> <td > (23%) </td> </tr> <tr > <td > Alramz </td> <td > 70.00 </td> <td > 64.88 </td> <td > 50.80 </td> <td > (22%) </td> </tr> <tr > <td > Cherry </td> <td > 28.00 </td> <td > 27.46 </td> <td > 23.75 </td> <td > (14%) </td> </tr> <tr > <td > Sport Clubs </td> <td > 7.50 </td> <td > 8.50 </td> <td > 8.43 </td> <td > (1%) </td> </tr> <tr > <td > Masar </td> <td > 15.00 </td> <td > 18.00 </td> <td > 18.20 </td> <td > 1% </td> </tr> <tr > <td > Al Masar Al Shamil </td> <td > 19.50 </td> <td > 20.71 </td> <td > 25.90 </td> <td > 25% </td> </tr> </tbody> </table> *The average of the highest and lowest prices on the first trading session during which the shares could be bought and sold in any quantity. **Change compared with the first-day tradable price.

Procurement Relevance Gate

FAIL — score 7.0/100 — evaluated 2026-08-20 16:28:32

Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.

geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.

‎CMA probes investment banks about 2025 IPOs: Report

Summary

Procurement Relevance Gate

Initial Signal Assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.