MHG Receives Approval for IPO

On March 17, 2025, the Capital Market Authority announced the issuance of a resolution by its board approving the registration and public offering of 4,800,000 shares of MHG. This step reflects the company's strategic vision for expansion, strengthening its presence in local and global markets, and enhancing governance and sustainability.

Founded in 2006, MHG has since become a leading company in the building materials sector, with 46 branches worldwide. The Group’s CEO, Eng. Musaad Al-Qafari, stated:

"This IPO marks the beginning of a new phase of expansion and growth, as the company remains committed to providing high-quality products and services."

The company has achieved significant success through a portfolio of brands that offer comprehensive and innovative solutions in the construction industry, catering to various market segments. These include:

• Build Station: A one-stop destination for all building and finishing materials, offering advanced and innovative solutions.
• Lighting Stores: Providing exceptional lighting solutions with high quality and modern designs.
• Ceramic Home: Offering a wide range of ceramics and porcelain products with the finest materials and designs.
• Hatch Sanitary Ware: Combining innovation and efficiency in the world of sanitary ware.

The group also owns several notable brands, including:
Illus, Ilict, Fixer, Hypnotek, Hatch Selections, and Hatch Products.

MHG's entry into the stock market is part of its sustainable strategy to enhance governance, boost investments, expand operations, and elevate service levels. Through this move, the company aims to open new investment opportunities, strengthen confidence in its brands, and solidify its position as a leading group in building materials and finishing solutions.