Riyadh Dynamics eyes Saudi exchange listing in 2027-2028: CEO

Mishari Al-Enezi, CEO of Riyadh Dynamics Co.

Riyadh Dynamics, specializing in the design and manufacturing of self-driving mobile robots, automated storage systems, and robot arms for the industrial and logistics sectors, aspires to float its shares on the Saudi exchange between 2027 and 2028, CEO Mishari Al-Enezi told Argaam.

On the sidelines of the Riyadh International Industry Week, Al-Enezi said the company's production capacity of robots used in handling, transportation, and storage ranges from 240 to 300, depending on the robot type. He indicated that the annual production capacity would be raised in 2024 to 700 robots.

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The relevant knowledge developed significantly amid the upgrading of software, open sources, and companies supplying the robotics sector from everywhere in the world, the top executive said.

He added that several startups invest remarkably in this sector, and their ease of sector accessibility helped them grow further and develop their apps.

Robotics automation has recently spearheaded in the US, Japan, South Korea, and Europe. However, only corporate giants were bearing the costs of investing in the Fourth Industrial Revolution technologies.

Saudi Arabia has high competencies to develop, manufacture, and program deep tech, Al-Enezi said, noting that the company provides customers with an integrated, user-friendly solution used in warehouses or production lines.