Logo of Mutlaq Al-Ghowairi Contracting Co.
Mutlaq Al-Ghowairi Contracting Co. (MGC) started the book-building for institutional investors, said Al Rajhi Capital, lead manager, financial advisor, bookrunner, and underwriter, together with Morgan Stanley Saudi Arabia, the financial advisor, bookrunner, and underwriter. 
The price range for the company’s potential initial public offering (IPO) on the Main Market (TASI) was set between SAR 11 and SAR 12.5 per share, according to a Tadawul statement.
MGC plans to offer 240 million shares, or 30% of its share capital, on TASI. The company operates with SAR 800 million in capital, divided into 800 million shares, each with a nominal value of SAR 1.
The retail offering will run from June 15-17.
Logo of Mutlaq Al-Ghowairi Contracting Co.
Mutlaq Al-Ghowairi Contracting Co. (MGC) started the book-building for institutional investors, said Al Rajhi Capital, lead manager, financial advisor, bookrunner, and underwriter, together with Morgan Stanley Saudi Arabia, the financial advisor, bookrunner, and underwriter.
The price range for the company’s potential initial public offering (IPO) on the Main Market (TASI) was set between SAR 11 and SAR 12.5 per share, according to a Tadawul statement.
MGC plans to offer 240 million shares, or 30% of its share capital, on TASI. The company operates with SAR 800 million in capital, divided into 800 million shares, each with a nominal value of SAR 1.
The retail offering will run from June 15-17.
