Mutlaq Alghowairi Contracting Company IPO: Date, Status and What We Know
IPO facts
- Status
- Withdrawn
- Market
- Gulf states
- Country
- Saudi Arabia
- Exchange
- Saudi Exchange (Tadawul) Main Market
- Ticker
- Not announced
- Sector
- Construction and infrastructure contracting
- First trading day
- Not announced
- Price range
- Not announced
- Offering size
- 240,000,000 shares
- Last valuation
- Not announced
About Mutlaq Alghowairi Contracting Company
Mutlaq Alghowairi Contracting is a Saudi contractor that works mainly on infrastructure projects. It had planned to offer 30 percent of its capital on the Tadawul main market.
IPO notes
The Saudi Capital Market Authority approved the registration and offering of 240,000,000 shares, 30 percent of capital, on 31 December 2025 (cma.gov.sa). In a statement of 9 June 2026 reported by agbi.com, the company withdrew the offering after the institutional book-building, citing its objectives and those of its selling shareholders, and said it would keep evaluating the timing. No new date has been announced, and the Saudi Exchange list of upcoming offerings (saudiexchange.sa) showed no equity offering on 5 October 2026. A price range of SAR 11 to 12.50 per share was reported by decypha.com for the lead manager's announcement.
Other IPOs in this market
Sources
- cma.gov.sa · Capital Market Authority approval of registration and offering of 240,000,000 shares ·
- agbi.com · Report on the company statement withdrawing the offering ·
- saudiexchange.sa · Upcoming IPOs list (no equity offering listed) ·
- argaam.com · Review of 2026 Saudi IPO activity, cancellations and postponements ·
Named as plain text with what each source states and the date it was checked.