Marketing Home Group Advances IPO Plans with 30% Stake on Offer

Marketing Home Group (MHG), a leading player in Saudi Arabia's construction and building solutions sector, is set to list 4.8 million shares, which constitutes 30% of its share capital, on the Tadawul market. This strategic move by MHG comes after gaining necessary approval from the Capital Market Authority (CMA). The announcement is part of Saudi Arabia's broader initiative to enhance and solidify its capital markets infrastructure, following several notable initial public offerings in the early part of the year. Noteworthy IPOs in Saudi Arabia's main market this year include Al Moosa Health and Nice One in January, and Derayah Financial and Entaj in a more recent action, as well as the anticipated listing of construction firm Umm Al Qura. The decision signals MHG's aspirations to capitalize on the vibrant investor interest driven by robust infrastructure development in the Kingdom.