Miahona says Vision Invest divests 10% stake to investors

Miahona Co. said that Vision International Investment (Vision Invest) sold 16.1 million shares, or 10% of its stake in the company, to a group of investors.

In a statement to Tadawul, Miahona added that it was notified by Vision Invest of the share sale, which was implemented through negotiated deals on Nov. 25.

Following the transaction, Vision Invest will continue to hold 60% of Miahona’s capital.

According to Argaam data, the lock-up period for Vision Invest — previously holding 70% of Miahona — expired in December 2024, six months after the company’s shares began trading on the Main Market (TASI) on June 6, 2024.

Vision Invest is jointly owned by Al-Muhaidib Group (AMG) and Abunayyan Holding Co., with each holding 35% of its capital.

Seven negotiated deals were executed for Miahona shares, involving nearly 16.1 million shares, worth SAR 305.8 million, at SAR 19 per share.