Saudi Contractor MGC Said to Postpone $799 Million Riyadh IPO
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.250 · RIGHT
Ensemble
0.125 · CENTER
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Article Excerpt
Article content (Bloomberg) — Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co. has postponed plans for an initial public offering that was set to raise as much as $799 million and rank as the region’s first major listing of the year. Article content The deal was pulled due to market conditions, according to people familiar with the matter. The firm will continue to evaluate the most appropriate timing to proceed with the offering, the people said, requesting anonymity to discuss confidential information. Article content Article content Article content The contractor’s owners had been seeking …
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Jun 9, 2026