Archive · 20 Aug 2025
Saudi Contractor MGC Explores Potential Riyadh IPO
A Saudi Arabian construction company called MGC is thinking about selling shares to the public through an IPO.
This means they would be listed on the stock market in Riyadh, Saudi Arabia.
If it happens, the company could be worth around $3.2 billion.
They build important things like roads and water systems.
Advisors are helping MGC to plan this, and it might happen next year, although nothing is final yet.
Saudi Arabia has seen a lot of IPOs recently.
Saudi Arabian contractor MGC is exploring an initial public offering (IPO) in Riyadh.
The potential IPO could value MGC between 12 billion and 15 billion riyals ($3.2 billion).
Moelis & Co. and Al Rajhi Capital are advising on the potential transaction.
MGC develops water and road infrastructure and has clients including Neom.
The IPO could launch as early as next year, but discussions are preliminary.
- Who
- Mutlaq AlGhowairi Contracting Co. (MGC).
- What
- Mutlaq AlGhowairi Contracting Co. (MGC) is exploring an initial public offering.
- When
- The IPO could launch as early as next year, but discussions are preliminary.
- Where
- Riyadh, Saudi Arabia.
- Why
- To potentially raise capital and become a publicly traded company.
- Company
- Mutlaq AlGhowairi Contracting Co. (MGC)
- Potential IPO Value
- 12 billion - 15 billion riyals ($3.2 billion)
- Financial Advisors
- Moelis & Co., Al Rajhi Capital
- Industry
- Construction/Infrastructure
- Key Projects
- Water, road infrastructure; clients include Neom