THE WHAT? Saudi beauty retailer, Nice One is poised to list on the stock exchange. The online cosmetics seller is said to have invited banks to tender for the deal, although further details, such as the timing and size of the IPO are yet to be revealed.

THE DETAILS According to a report published by Bloomberg, the Middle East’s stock exchanges are looking to diversify listings beyond industry and banking.

THE WHY? Nice One declined to comment when approached by Bloomberg but it is thought that the e-commerce platform is following in the footsteps of fellow Saudi tech firms, such as Floward, working towards an IPO this year.