Riyadh - Sharikat Mubasher: Saudi-based quick commerce platform Ninja is poised to hire investment banks to advise on its potential initial public offering (IPO), expected to take place in early 2026.

The company requested proposals from prospective underwriters and financial advisers for the deal, people familiar with the matter told Bloomberg.

Ninja had not made any decision regarding the timing or size of the transaction yet, however, it could decide to defer the deal to 2027 if investment banks believe that would be better.

A listing by Ninja would add to the growing pipeline of technology companies preparing to go public in Riyadh, including Tabby and Emkan Finance Company.

In July, Ninja joined Saudi Arabia’s growing unicorn club after securing $250 million from local investors, pushing its valuation to $1.5 billion.

The platform offers ultra-fast delivery services for groceries, pet food, and other products across Saudi Arabia, Bahrain, Qatar, and Kuwait.