Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Consolidated Grünenfelder Saady Holding Co. (CGS) starts trading on the Main Market (TASI) today, Dec. 9, under the symbol 4147 and ISIN Code SA16DG520PH3, at SAR 10 per share. 
The stock will trade in the first three days with daily and static price fluctuation limits of±30% and±10%, respectively. From the third trading day onwards, the daily price fluctuation limits will revert to±10%, while the static price fluctuation limits will no longer apply.
CGS is the 14th listing on TASI in 2025 afterAlmoosa Health Co.on Jan. 7,Nice One Beauty Digital Marketing Co.on Jan. 8, DerayahFinancial Co.on March 10, Arabian Company for Agricultural Industrial Investments (Entaj) on March 17, Masar Al-Numou Finance Co. on March 24, United Carton Industries Co. (UCIC) on May 27, Flynas Co. on June 18, Specialized Medical Co.’s (SMC) on June 25, Sport Clubs Co. on July 2025, Marketing Home Group Co. on Sep. 2, Dar Al Majed Real Estate Co. (Al Majdiah) on Sep. 10, Cherry Trading Co. on Sep. 1, and Almasar Alshamil Education Co. on Dec .2.
In 2024, 13 companies listed onTadawul, in addition toAlistithmar AREIC Diversified REIT Fund.
Following the CGS listing, the number of companies listed on TASI reached 246, along with 19 real estate traded funds (REITs).
The company offered 30 million shares, or 30% of its capital, on TASI. The company’s capital is SAR 100 million, divided into 100 million shares with a nominal value of SAR 1 per share.
The retail IPO was 70.9% covered, based on the 6 million shares allocated to individual investors, representing 20% of the offering.
Meanwhile, institutional IPO was 61.6x covered.
Company info
CGS is a private, mixed Saudi joint-stock firm, founded in 1977 by Swiss engineer Albert Grunenfelder, Saudi entrepreneur Esmat Al Saady, and the Saudi Establishment for Engineering Equipment Corp. (Conato), with its headquarters in Riyadh.
The company’s main activities include refrigerated transportation, refrigeration, and customized solutions – units designed according to client needs – along with after-sales services.
Company Profile
Company
Consolidated Grünenfelder Saady Holding Co. (CGS)
Core Activities
Managing subsidiaries of holding companies
Capital
SAR 100 mln
Number of Shares
100 mln
Share Par Value
SAR 1
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Darat Esmat Bin Abdul-Samad Al Saady Holding Co.
50
50%
35
35%
GK Grünenfelder International AG
50
50%
35
35%
Public
—
—
30
30%
Total
100
100%
100
100%
Company Major Shareholders Via Indirect Interest
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Esmat AbdulSamad Naguib
Al Saady
45
45%
31.5
31.5%
Marcel Albert Grünenfelder
25
25%
17.5
17.5%
Albert Peter Grünenfelder
25
25%
17.5
17.5%
Buhur Holding Co.
5
5%
3.5
3.5%
*Post-offering, Buhur Holding will no longer be an indirect major shareholder.
Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Consolidated Grünenfelder Saady Holding Co. (CGS) starts trading on the Main Market (TASI) today, Dec. 9, under the symbol 4147 and ISIN Code SA16DG520PH3, at SAR 10 per share.
The stock will trade in the first three days with daily and static price fluctuation limits of±30% and±10%, respectively. From the third trading day onwards, the daily price fluctuation limits will revert to±10%, while the static price fluctuation limits will no longer apply.
CGS is the 14th listing on TASI in 2025 afterAlmoosa Health Co.on Jan. 7,Nice One Beauty Digital Marketing Co.on Jan. 8, DerayahFinancial Co.on March 10, Arabian Company for Agricultural Industrial Investments (Entaj) on March 17, Masar Al-Numou Finance Co. on March 24, United Carton Industries Co. (UCIC) on May 27, Flynas Co. on June 18, Specialized Medical Co.’s (SMC) on June 25, Sport Clubs Co. on July 2025, Marketing Home Group Co. on Sep. 2, Dar Al Majed Real Estate Co. (Al Majdiah) on Sep. 10, Cherry Trading Co. on Sep. 1, and Almasar Alshamil Education Co. on Dec .2.
In 2024, 13 companies listed onTadawul, in addition toAlistithmar AREIC Diversified REIT Fund.
Following the CGS listing, the number of companies listed on TASI reached 246, along with 19 real estate traded funds (REITs).
The company offered 30 million shares, or 30% of its capital, on TASI. The company’s capital is SAR 100 million, divided into 100 million shares with a nominal value of SAR 1 per share.
The retail IPO was 70.9% covered, based on the 6 million shares allocated to individual investors, representing 20% of the offering.
Meanwhile, institutional IPO was 61.6x covered.
Company info
CGS is a private, mixed Saudi joint-stock firm, founded in 1977 by Swiss engineer Albert Grunenfelder, Saudi entrepreneur Esmat Al Saady, and the Saudi Establishment for Engineering Equipment Corp. (Conato), with its headquarters in Riyadh.
The company’s main activities include refrigerated transportation, refrigeration, and customized solutions – units designed according to client needs – along with after-sales services.
Company Profile
Company
Consolidated Grünenfelder Saady Holding Co. (CGS)
Core Activities
Managing subsidiaries of holding companies
Capital
SAR 100 mln
Number of Shares
100 mln
Share Par Value
SAR 1
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Darat Esmat Bin Abdul-Samad Al Saady Holding Co.
50
50%
35
35%
GK Grünenfelder International AG
50
50%
35
35%
Public
—
—
30
30%
Total
100
100%
100
100%
Company Major Shareholders Via Indirect Interest
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership (%)
Number of Shares
(mln)
Ownership (%)
Esmat AbdulSamad Naguib
Al Saady
45
45%
31.5
31.5%
Marcel Albert Grünenfelder
25
25%
17.5
17.5%
Albert Peter Grünenfelder
25
25%
17.5
17.5%
Buhur Holding Co.
5
5%
3.5
3.5%
*Post-offering, Buhur Holding will no longer be an indirect major shareholder.
