Mutlaq Al-Ghowairi gets CMA nod to float 30% stake on TASI

31/12/2025 Argaam
Logo ofMutlaq Al-Ghowairi Contracting Co.

Logo of Mutlaq Al-Ghowairi Contracting Co.

The Capital Market Authority (CMA) approved today, Dec. 31, the application of Mutlaq Al-Ghowairi Contracting Co. for the registration and offering of 240 million shares, or 30% of its share capital, on the Main Market (TASI).

 

The prospectus will be published within sufficient time prior to the start of the subscription period, according to the market regulator’s website.

 

The approval is valid for six months from the CMA's resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

The company was established in 1977 and operates in the fields of engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) across key sectors, including water, transportation, urban development, energy, and the environment. It employs approximately 4,500 workers.

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