Arabian Oud to go public in Saudi market this year

04/01/2025 Argaam
A branch ofArabian Oud Co.

A branch of Arabian Oud Co.

Arabian Oud Co. is planning to offer its shares to the public in the Saudi market this year, Al-Eqtisadiah reported, citing CEO Omar Al-Jasser.

 

SNB Capital was named as local advisor, while Emirates NBD Capital was appointed as external advisor.

 

Arabian Oud holds the lion’s share of the Saudi perfume market at 11%, which is valued at more than SAR 8 billion.

 

The Saudi perfume market is expected to grow at a compound annual growth rate (CAGR) of 8% over the next five years, he added.

 

The company is planning inorganic growth through acquisitions and entry into new markets. It has recently acquired some companies, some of which are operating in the skincare field.

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