MHG Prepares for IPO with Alinma Investment Company as Advisor

MHG Appoints Alinma Investment Company for IPO Advisory

MHG has appointed Alinma Investment Company as its financial adviser to facilitate the initial public offering (IPO) of its shares on the Saudi Stock Exchange (Tadawul). The agreement, signed on Saturday, marks a pivotal step toward the group’s inclusion in the main Saudi equity market.

Alinma Investment Company, the investment arm of Alinma Bank and licensed by the Capital Market Authority, specializes in securities activities, including dealing, custody, investment management, fund operations, arrangement, and financial advisory services, all in compliance with Islamic law.

Eng. Mussad Algfari, Chief Executive Officer of MHG, stated, “Listing the Group's shares is a significant milestone in adopting corporate governance practices that align with a long-term vision. This move strengthens the Group’s presence and financial position while supporting strategies that align with Vision 2030.”

Founded in 2006, MHG has established itself as a leader in building finishing materials, architecture brands, lighting products, and smart technical systems. The Group focuses on delivering innovative building solutions, providing high-quality and efficient products and services, and improving quality of life.

Algfari added, “This IPO announcement reinforces MHG’s market leadership, enhances its position in engineering and building materials, and positions the Group for future growth and expansion. Supported by highly qualified talent and expertise in the Saudi market, we aim to empower future generations and unlock new opportunities.”