• Hedab Alkhaleej Trading Company, a Saudi ceramics manufacturer, is moving forward with its initial public offering (IPO) on the Saudi Stock Exchange Parallel Market Nomu. The company plans to offer 800,000 ordinary shares, representing a 10.67% stake. The IPO is scheduled to run from February 16 to February 20, 2025, with the final offer price to be determined after the book-building process. This move aligns with the growing trend of IPOs in Saudi Arabia, which has seen significant retail investor interest and a surge in new listings, reflecting the country's economic diversification efforts under Vision 2030.

• The ceramics industry in Saudi Arabia is experiencing robust growth, with the market projected to reach approximately USD 3.59 billion by 2034, growing at a CAGR of 7.9% from 2025. This growth is bolstered by favorable regulatory conditions, including anti-dumping measures that have increased demand for local products. Companies like RAK Ceramics have reported significant sales increases in Saudi Arabia due to these measures. As Hedab Alkhaleej enters the market, it will face competition from established players but could benefit from the overall market expansion and increased consumer demand for locally produced ceramics.