Riyadh, April 15, 2025 – Elevare360, in collaboration with its strategic partners Mekyal Financial Technologies and Closir, took a commanding role at the MEIRA Riyadh Chapter Meeting, co-hosted with the Saudi Exchange. The trio delivered a bold, technology-enabled strategic vision for navigating IPOs amid a shifting global financial landscape.
Held under the theme “Navigating IPOs Amid Turmoil,” the event convened Saudi Arabia’s investor relations leaders, capital market stakeholders, and C-suite executives at the Crowne Plaza RDC. Elevare360 CEO Wael Mahdi opened the session with an incisive analysis of current market headwinds—ranging from liquidity tightening and geopolitical instability to valuation pressures on Tadawul-listed companies.
“In times of volatility, IR is no longer a reporting function—it’s a frontline tool for de-risking market perception and institutionalizing trust,” said Mahdi.
Strategic Highlights from the Elevare360-Mekyal-Closir Alliance:
Beyond the IPO Moment: True IPO success is measured post-listing. Mahdi and Mekyal’s CEO Hesham Abujameeemphasized the need for strong investor relations and governance infrastructure to sustain market confidence and attract long-term capital. Closir’s CEO, Michael Chajontaki, highlighted the critical role of up-to-date corporate data and digital transparency in drawing the attention of global investors increasingly focused on accountability and access.
Nomu as Saudi’s Untapped Frontier: While the spotlight often remains on TASI, the parallel Nomu market has experienced a 50% market cap surge from 2022 to 2024. Elevare360 and Mekyal are jointly advocating for a repositioning of Nomu as a high-potential avenue for institutional investment and agile growth-stage listings.
Investor Expectations Are Evolving: Transparency, ESG integration, and real-time investor engagement are fast becoming baseline expectations. As institutional participation grows and foreign ownership steadily rises, Saudi issuers must align with global disclosure and communication standards to stay competitive.
A thought-provoking panel followed Mahdi’s remarks, featuring Danielle Bistacchi (EMPEROR), Andy Parnis and George Allen (Teneo). Danielle offered timely insights into the evolving role of Diversity, Equity, and Inclusion (DEI), particularly amid changing political dynamics under the Trump administration. The Teneo team shared findings from their recent CEO survey, shedding light on what’s top-of-mind for global and regional executives—from geopolitical uncertainty and capital deployment to talent strategy and stakeholder expectations.
Through its partnerships with Mekyal and Closir, Elevare360 continues to deliver a 360° capital markets readiness solution, combining strategic advisory, digital platforms, and governance best practices to help issuers lead confidently and compliantly into public markets.
As Saudi Arabia accelerates capital market reforms under Vision 2030, Elevare360 and its partners reaffirm their commitment to enabling transformation, transparency, and long-term investor trust.
Explore more at www.elevare360advisory.com
Follow us on LinkedIn: @Elevare360Advisory