Saudi Arabia’s NourNet is working with Goldman Sachs and HSBC on a potential initial public offering, according to people familiar with the matter. The move adds to a pipeline of Gulf listings despite the regional conflict.

The announcement comes amid a surge of interest in Saudi and Gulf markets, with several companies eyeing public markets to raise capital and boost visibility. NourNet’s partnership with two of the world’s largest banks signals confidence in the firm’s growth prospects.

While details of the IPO, such as valuation and timing, remain undisclosed, industry observers expect the deal to follow the region’s trend of leveraging global financial expertise to navigate complex regulatory environments.

The collaboration reflects a broader strategy by Gulf companies to secure reputable underwriters, ensuring robust market entry and investor confidence.