Saudi Arabia's Ades to List as Riyadh's Biggest 2023 IPO

The transcript discusses Saudi Arabia's push to advance its IPO slate, particularly in the oil and gas sector, with the Public Investment Fund (PIF) bringing a major driller to market. Although the exact amount to be raised is undisclosed, it is expected to be around a billion dollars, making it one of the largest IPOs of the year in Saudi Arabia. The government appears optimistic about the market's ability to handle large listings, with other companies like Aramco potentially considering offerings. This indicates a positive outlook for the rest of the year.

Which companies are mentioned as part of the IPO landscape in Saudi Arabia?

What expectations does the speaker have for the momentum of IPOs in the coming year?