Saudi Arabia’s buy-now-pay-later (BNPL) app, Tabby, is eyeing an initial public offering (IPO), but for now, its attention is on the recent acquisition of Saudi digital wallet Tweek and expanding its services within the kingdom. While a company spokesperson confirmed that a listing on the Saudi Stock Exchange (Tadawul) is in the works, no official date has been set, and details regarding banks or law firms involved remain undisclosed. Discussions with financial institutions and legal advisors are reportedly ongoing, but Tabby has not made any formal announcements regarding the IPO’s timeline.

The fintech, which shifted its headquarters from the UAE to Saudi Arabia last year, revealed the acquisition of Tweek during the kingdom’s 24 Fintech event. Tabby continues to expand its footprint, with services now extending across Saudi Arabia, the UAE, and Kuwait. The company was last valued at $1.5 billion following a successful $200 million Series D funding round, led by Wellington Management and Abu Dhabi's Mubadala.