IPO Advisory Saudi Arabia -- Tadawul & Nomu
Financial preparation for Saudi Arabia's capital markets -- pre-IPO restructuring, IFRS conversion, financial reporting readiness, and CMA disclosure advisory.
Saudi Arabia's capital markets have seen extraordinary IPO activity under Vision 2030 -- with Tadawul (the main market) and Nomu (the parallel growth market for SMEs) both experiencing significant listing pipelines across sectors from healthcare and education to fintech and consumer goods. The financial preparation required for a successful Saudi IPO -- IFRS conversion, 3-year audited accounts, CMA financial disclosure, ZATCA compliance certification, and investor-grade financial reporting infrastructure -- is substantial and requires experienced advisors who understand Saudi Arabia's specific regulatory requirements.
Intelli Solutions provides financial IPO advisory services for companies preparing for Tadawul or Nomu listing -- working alongside your legal advisors, investment bank, and underwriter to deliver the financial preparation required for a successful Saudi capital markets transaction.
Pre-IPO Financial Preparation -- What's Required
3-Year Audited Financial Statements
CMA requires 3 years of audited financial statements prepared in accordance with IFRS -- by a SOCPA-registered auditor acceptable to CMA. We coordinate or conduct the historical audits and ensure IFRS compliance across all 3 years.
IFRS Conversion
If prior years were prepared on Saudi GAAP or a simplified basis, IFRS conversion of 3 years of historical accounts is required. We manage the full conversion process including opening IFRS balance sheet, restatement of comparatives, and accounting policy documentation.
ZATCA Compliance Certification
CMA and prospectus advisors require evidence of ZATCA good standing -- no outstanding assessments, current VAT/Zakat returns, and Fatoorah compliance. We conduct a full ZATCA compliance review and rectify any issues before the IPO process launches.
Financial Reporting Infrastructure
Listed companies must report quarterly to CMA within specified timelines. We build the financial reporting systems, templates, and processes needed to meet post-listing disclosure obligations from day one.
Prospectus Financial Sections
The IPO prospectus financial sections -- historical financial information, financial position, and management discussion & analysis (MD&A) -- must be prepared to CMA's specific disclosure requirements. We draft and review the financial sections in coordination with the legal team.
Investor Relations Financial Preparation
Preparing the financial narrative for investor roadshows -- equity story, financial KPIs, growth projections, and peer comparison -- coordinated with the investment bank and underwriter.
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IPO Advisory Saudi Arabia -- Key Facts
Frequently Asked Questions
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Preparing for a Saudi IPO on Tadawul or Nomu?
Start financial preparation early -- 2 years makes the difference. Free IPO readiness assessment.