Marketing Home's retained earnings exceed capital: CEO
He said the general assembly will decide post-IPO on ways to use these earnings, whether through cash dividends or other options.
Algfari noted that MHG is not only a trader or manufacturer. It rather builds brands that bring new products to market, lifting profit margins to 21% in H1 2025 thanks to an 8% drop in expenses.
The company operates more than 40 showrooms in Saudi Arabia, along with more outlets in the UAE, Oman, Qatar, Bahrain, China and Spain, a footprint that has supported debt-free growth, with the next phase focusing on expansion into new sectors.
He added that MHG boasts a project pipeline with various state-run entities, including Diriyah Co. and ROSHN. Besides, the company dominated the lighting sector with a 36% market share in 2023, while also maintaining strong positions in the sanitary ware and the ceramics sectors.
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