Saudi Wealth Fund Said to Slow Pace of Work on Local Share Sales

Saudi Arabia’s sovereign wealth fund is slowing work on several planned share sales, according to people familiar with the matter, potentially impacting one stream of funding for the kingdom’s multitrillion-dollar economic transformation.

Weak market sentiment has weighed on valuations and recent trading debuts in Riyadh. That’s partly prompted the Public Investment Fund to take a more measured approach on potential listings, including Saudi Global Ports Co., Saudi Tabreed District Cooling Co., Nupco and Saudi Information Technology Co., the people said.

Some of those deals are now likely to be pushed into 2026, the people said, declining to ...