Barn’s plans IPO on Tadawul: CEO

15/04/2025 Argaam

Barn’s plans IPO on Tadawul: CEO

Mohammed Alzain, CEO of Barn's

Barn’s has begun work on an initial public offering (IPO) on the Saudi Exchange (Tadawul), CEO Mohammed Alzain said in an interview with Bloomberg.

 

Alzain said the company is coordinating with the Capital Market Authority to obtain the necessary approvals and is seeking to appoint advisory banks for the upcoming listing.

 

Proceeds from the IPO will be used to fund the company’s expansion plans, he added.

 

Barn’s aims to increase its number of branches to 1,000 by 2030, up from around 850 currently, through expansion into the UAE, Oman, Kuwait, and Morocco.

 

Founded in 1992, Barn’s currently operates branches in Saudi Arabia, Bahrain, and Egypt.

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