Saudi Arabia’s Power Tower Company is preparing to step into the public markets, unveiling plans for an initial public offering and a listing on the main market of Saudi Exchange (Tadawul).
The move signals a new chapter for the company, known for its work in power transmission networks, substations, and renewable energy infrastructure—sectors that sit at the heart of the Kingdom’s industrial and energy transformation.
To steer the offering, PTC has appointed Yaqeen Capital as financial advisor and lead manager. The firm will oversee preparations as the company shapes its market entry strategy.
Key details—such as the size of the stake to be floated and the anticipated timeline—remain under wraps. Before the offering can proceed, PTC is expected to submit its formal application to the Capital Market Authority, the regulator responsible for approving public listings in Saudi Arabia.
If cleared, the IPO would position Power Tower Company among a growing roster of Saudi firms tapping equity markets to fund expansion and align with the Kingdom’s broader infrastructure ambitions.
