The consumer sector ties in with the mutation of Saudi stocks

A group of Saudi food and beverage businesses are preparing to execute new proposals for shares in subscriptions that will test the consumer expectations in an economy that withstand the effects of oil prices expectations for a longer period. The Half Million and Deemah Biscuit Industry Company are one of the businesses communicating with banks about a preliminary public offer, according to people who are familiar with the case, who asked not to reveal their identity. Other transactions are prepared to be prepared by ‘Barn’s’ and ‘Hashi Basha’, which runs a series of restaurants that offer camel meat on the list. It was not possible to reach the representatives of the ‘half -million’ company for comment, and the representatives of ‘Dimah’ refused to comment. Increased consumer spending in Saudi Arabia chases businesses to the stock exchange coincides with Saudi Arabia’s efforts to open the entertainment sector as part of its efforts to reduce their dependence on oil. This enabled the population to spend more opportunities to spend their money on entertainment, the part of spending between 2017 and 2024 increased by two -thirds, according to ‘Capital Economics’. This is reflected in the momentum of primary public proposals in Saudi Arabia last year, as the descriptions of food and beverage companies form a large part of the new subscriptions. However, while companies are trying to utilize the momentum of Saudi consumers, some analysts are still warning. “The salaries have not increased as much over the past few years as spending,” said Nishit Lakhotia, head of the research division of Siko Bank. He added that many grocery stores and listed restaurant chains recently warned about the available revenue for consumer spending. Read more: New proposals change the features of the Saudi market away from banks and energy risks that threaten the American restaurants, which threaten restaurant chains such as “KFC”, “Pizza Hut” and “TGI Farides” throughout the Middle East, announced that consumers’ request has begun to decline over the past year. The economy can be subjected, among other things, if oil prices continue to decline, and to force the government to reduce spending. “One of the important factors contributing to the expectations of consumption growth stems from the transfer of expatriates to Saudi Arabia. If there is some slowdown in areas such as projects, it could affect future consumption and spending growth.” The password .. the assessments and for aspiring in the initial general subscriptions that bet on the consumer’s demand for spending, will determine the appropriate evaluation, especially in light of the poor primary subscriptions of some prominent regional companies over the past few months. Although recent transactions in Saudi Arabia have achieved a relatively good performance, investors are likely to be more cautious. “With the circulation of or near the prices of the first public subscriptions or near them, the strength of the business and evaluation model is now key,” says Sout Sachar, director of investment portfolios at Azimot DIFC in Dubai.