# Tamimi Energy Group Targets Tadawul Listing in Two to Three Years, CEO Says

> Tamimi Energy Group plans to list on the Saudi Exchange within two to three years, CEO Adel Al-Shouraim says.

- Published: 2026-10-14T17:44:00+00:00
- Section: IPOs & Listings
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-14/tamimi-energy-group-saudi-ipo-plan
- Source: [Argaam](https://www.argaam.com/en/article/articledetail/id/1944137)

## Key takeaways

- Tamimi Energy Group plans to list on the Saudi Exchange within two to three years, CEO Adel Al-Shouraim said.
- The group comprises about 19 companies, more than half of them industrial businesses, and has more than 20 investment agreements.
- Tamimi Energy has an agreement with French quantum computing company Pasqal to develop applications and transfer technical expertise to Saudi Arabia.

[Tamimi Energy Group](https://akta.pro/company-profiles/003i2fq/tamimi-energy-group) plans to list its shares on the Saudi Exchange (Tadawul) within two to three years, CEO Adel Al-Shouraim said, with the group having worked on its listing file for more than a year. [Argaam](https://www.argaam.com/en/article/articledetail/id/1944137) reported the plan, citing Al-Shouraim's comments to Asharq Bloomberg.

## Tamimi Energy Group's Tadawul Listing Timeline

Al-Shouraim said preliminary preparations for the offering started about four years ago, and that the next two to three years could be a suitable window for the listing. The group comprises about 19 companies, more than half of which are industrial businesses, according to the CEO.

Tamimi Energy Group's activities span manufacturing, petrochemicals, electricity and water alongside its core energy business, which has more than 50 years of history. The group has more than 20 agreements covering domestic and international investments, Al-Shouraim said.

Over the past three years, the group agreed to establish five factories, some of which have begun production while others remain under construction, he said. Tamimi Energy has localized nine factories in Saudi Arabia and plans new industrial localization projects over the next three years.

In gas, the group is working on a new agreement to expand production of gas used in power generation, amid opportunities linked to the development of the Kingdom's gas resources. The group also has a presence in Syria, and Al-Shouraim said it held meetings with the [Syrian Petroleum Company](https://akta.pro/company-profiles/00qbkrj/syrian-petroleum-company) on the sidelines of a conference to discuss potential initiatives and projects in which it hopes to participate as a key partner.

The group is investing in artificial intelligence and quantum computing, including through an agreement with French quantum computing company [Pasqal](https://akta.pro/company-profiles/0002caz/pasqal) to develop future applications and transfer technical expertise and know-how to Saudi Arabia, Al-Shouraim said. Pasqal launched an AI-assisted workflow plugin for agentic coding environments to automate quantum cloud experiments, Quantum Zeitgeist reported on October 8, 2026.

## Tamimi Energy Group's Subsidiaries and Joint Ventures

Tamimi Energy Group operates 18 subsidiary companies and joint ventures, according to akta.pro [company records](https://akta.pro/company-data), including SESCO, ENERCO, TCO, S3C, GET Water, Saudi Sensing, GPDS, TFF, IPTC, Clariant Al-Tamimi, RGS, TEPCO, QYASAT, WAROM Technology Arabia, Flame Spray Saudi, G3C, OSS and YDA. The same records list a 2024 renewable energy capability buildout through ENERCO, adding hybrid solar systems, biofuels, hydrogen, batteries and energy storage to the group's portfolio aligned with Saudi Vision 2030.

The records also list six international joint ventures maintained and operated in 2024, combining global technology partners with local Saudi manufacturing presence, and a 2024 scaling of GET Water's mobile water treatment fleet to one of the largest in the Middle East. Tamimi Energy Group has operated in oil and gas, power, petrochemical, water, utility and industrial arenas along with renewable energy fields for more than 50 years, the records state.

## Tamimi Energy Group's Next Steps

Al-Shouraim said the next two to three years could be a suitable window for the offering, and that the group is working on a new agreement to expand production of gas used in power generation. Tamimi Energy plans to implement new industrial localization projects over the next three years.

## Companies in this story

- [Tamimi Energy Group company profile](https://akta.pro/company-profiles/003i2fq/tamimi-energy-group) · website: https://www.tamimienergy.com
- [Pasqal company profile](https://akta.pro/company-profiles/0002caz/pasqal) · website: https://www.pasqal.com
- [Syrian Petroleum Company company profile](https://akta.pro/company-profiles/00qbkrj/syrian-petroleum-company) · website: https://spc.sy

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