Saudi Tech Firm Ejada to Reapply for IPO After Approval Expires

Saudi Arabian technology services company Ejada Systems Ltd. is planning to reapply with kingdom’s regulator for its initial public offering, according to people familiar with the matter.

The kingdom’s Capital Markets Authority approved the firm’s IPO plans in December, but its six-month window to list has since lapsed. Ejada will provide updated financial disclosures to the CMA when it reapplies, the people said, asking not to be identified as the information is private.