Ninja’s Path to IPO and Saudi Arabia’s Evolving Tech Ecosystem: A Strategic Investment Opportunity
The Saudi Arabian tech ecosystem is undergoing a seismic shift, driven by Vision 2030’s ambitious goals to diversify the economy and reduce oil dependency. At the forefront of this transformation is Ninja, a quick-commerce unicorn that has captured the attention of investors and policymakers alike. With a $1.5 billion valuation and a $250 million pre-IPO funding round led by Riyad Capital, Ninja is poised to become a flagship example of the Kingdom’s tech-driven growth strategy [1]. Its planned 2027 IPO on the Riyadh stock exchange aligns with broader regional trends, as Saudi Arabia and the UAE dominate the MENA IPO market in 2025, with 27 transactions raising $4.1 billion in the first half of the year alone [2].
