Saudi Contractor’s Owners Seek Up To $800 Million in Riyadh IPO


The contractor’s owners are offering 240 million shares, representing a 30% stake, between 11 riyals and 12.5 riyals ($2.93 to $3.33) apiece, according to a statement on Sunday. At the top end of the range, MGC, as the company is known, would be valued at 10 billion riyals.



Source link

  • Related Posts

    India Says Inflation Outlook Needs Vigilance Ahead of RBI Policy

    The confluence of elevated global energy prices, a depreciating rupee, rising upstream cost pressures and the prospect of a below-normal monsoon calls for sustained policy vigilance, the ministry’s Department of…

    US Jobs Report Set to Reveal Solid Growth, Steady Unemployment Rate

    (Bloomberg) — Jobs week is coming up in the US, with a whole slate of indicators on the state of the labor market culminating on Friday with the government’s official…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Thick as Thieves is making changes, but not the one I think matters most

    Thick as Thieves is making changes, but not the one I think matters most

    WRC: Elfyn Evans wins Rally Japan to extend championship lead

    WRC: Elfyn Evans wins Rally Japan to extend championship lead

    We Try Before You Buy: The Very Best Summer Dresses on the Market in 2026

    We Try Before You Buy: The Very Best Summer Dresses on the Market in 2026

    Champions League Final: Livestream Arsenal vs. PSG Today

    Champions League Final: Livestream Arsenal vs. PSG Today

    Where Is Toronto’s Best Party? Try the Basement.

    Where Is Toronto’s Best Party? Try the Basement.

    Joint statement on the situation in Myanmar

    Joint statement on the situation in Myanmar