Marketing Home Group Heads for IPO on Tadawul
Deal News | Mar 18, 2025 | Zawya
Saudi Arabia's Marketing Home Group (MHG) is set to launch an initial public offering (IPO), floating 4.8 million shares, which corresponds to 30% of its share capital. The firm received approval from the Capital Market Authority (CMA) to list its shares on the Tadawul. This move comes amidst a vibrant IPO landscape in Saudi Arabia, with four IPOs taking place in the first quarter, including notable companies like Al Moosa Health, Nice One, Derayah Financial, and Entaj. Additionally, the construction sector is witnessing further IPO activity with Umm Al Qura expected to join the market shortly.
Sectors
- Construction and Building Solutions
- Financial Services - Capital Markets
Geography
- Saudi Arabia – The article is centered around a Saudi Arabian company gearing for an IPO, as well as mentions other IPOs in the Saudi Arabian market.
Industry
- Construction and Building Solutions – Marketing Home Group operates within the construction and building solutions sector, making this industry classification relevant.
- Financial Services - Capital Markets – The article discusses an IPO and mentions other companies listing on Saudi Arabia's stock exchange, which falls under capital markets activities.
Financials
- 4.8 million shares – The number of shares Marketing Home Group plans to float in its IPO, representing 30% of its share capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marketing Home Group (MHG) | Target company for the IPO | Company | A Saudi Arabian company operating in the construction and building solutions space. |
| Capital Market Authority (CMA) | Regulatory Approval | Government | The regulatory authority that approved the IPO of Marketing Home Group. |
| Tadawul | Stock Exchange | Company | The primary stock exchange in Saudi Arabia where the shares will be listed. |