The Chairman of two Saudi cybersecurity companies reported to Al-Eqtisadiah that the two Saudi cybersecurity firms, Cyber and Infratech, will list a part of their shares on the Saudi Stock Exchange or Tadawul between 2026 and 2027.
Founder and CEO of Saudi Cybersecurity Company (CYBER), Abdulrahman Al-Kenani, said that “The company is currently planning to acquire certain entities, which will be disclosed in the coming period, in addition to preparing for a public offering through the Tumooh program on the stock market within the next two years at the latest.”
Al-Kenani reported that the financial, healthcare, and services industries are undergoing unrelenting cyberattacks as Saudi Arabia undergoes increasing digital transformation, with the frequency. He stated that this phenomenon is not limited to the Kingdom but is a global concern.
Chief Executive Officer (CEO) of Infratech, Ayman Al-Suhaim, stated that “The size of the information technology and cybersecurity market in Saudi Arabia has reached approximately SR87 billion ($23.2 billion), of which SR15.7 billion is allocated to the cybersecurity sector. This includes consulting, managed services, governance, risk management, and cybersecurity within the industrial sector.”
He mentioned that the company has a strategic plan for the years between 2026 and 2028, which involves setting up a company in the first quarter of next year to fund the cybersecurity and artificial intelligence products and open four research and development centers in the US, Russia, China, and Eastern Europe.
However, the strategy also involves investment in cloud storage, foreign ventures, and the development of operations and investment in the data centers.
Al-Suhaim added that the company will be going public in 2027, and it will operate in various cybersecurity fields that cover industries such as energy, defense, aviation, and government services.
Among the support programs provided by the General Authority of Small and Medium Enterprises, Monsha’at, is the Tumooh program of small and medium-sized enterprises in Saudi Arabia. It seeks to spur the growth of SMEs by enhancing capabilities, boosting performance, and enhancing growth.
The program aims to assist the fast-growing SMEs in preparing initial public offerings in the financial markets. The program has enabled the listing of 24 companies in the Nomu Parallel Market among over 2,500 firms registered under the scheme.
