Saudi Etqaan Real Estate to launch six projects worth $800mln as it eyes IPO

A total of six projects will be auctioned by the developer within the coming three months

Staff Writer, Arab News

February 24, 2022

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RIYADH: Saudi Arabia’s Etqaan Real Estate will soon launch projects worth SR3 billion ($800 million), the company’s chairman told CNBC Arabiya.

A total of six projects will be auctioned by the developer within the coming three months, Abdulaziz Alrasheed revealed.

He stressed that the move comes amid efforts by the company to grow and expand its reach across the Kingdom.

When asked if the firm plans to join the Kingdom’s listing wave, he said: “We are working on a plan for an initial public offering, whether on the parallel market or the main market.”

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