Latest news with #MarketingHomeGroup
Argaam
8 hours ago
- Business
- Argaam
Marketing Home's retained earnings exceed capital: CEO
Marketing Home Group for Trading Co. (MHG) reported retained earnings and cash of SAR 181 million in H1 2025, exceeding its SAR 160 million capital, CEO Musaad Algfari told CNBC Arabia, adding that this surplus enables loan-free expansions. 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.
Argaam
15 hours ago
- Business
- Argaam
List of receiving entities for Marketing Home IPO
Retail investors began today, Aug. 19, subscribing to 960,000 shares of Marketing Home Group for Trading Co. (MHG) at SAR 85 per share, as determined through the book-building process. The subscription period will run for two days. MHG offered 4.8 million shares in an initial public offering (IPO) on the Main Market (TASI). The shares represent 30% of the company's issued capital, with a nominal value of SAR 10. The receiving entities are Derayah Financial, Alinma Capital, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital, AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Saudi Fransi Capital, Yaqeen Capital, Albilad Capital, Musharaka Capital, EFG Hermes Saudi Arabia, and Awaed Alosool Capital.
Zawya
7 days ago
- Business
- Zawya
Saudi's Marketing Home Group sets final IPO price, seeks $108mln
Saudi Arabia's Marketing Home Group Company is looking to raise 408 million riyals ($108.8 million) in its upcoming initial public offering (IPO). The company has completed its book-building process for institutional investors and set the final IPO price at the top end of the range at SAR 85 per share. A total of 4.8 million shares will be offered, with 960,000 to be allocated to individuals. Subscription period for individual investors will run from August 19 to August 20, 2025. (Writing by Cleofe Maceda; editing by Brinda Darasha)
Argaam
12-08-2025
- Business
- Argaam
Marketing Home offering price set at SAR 85/share on TASI
Alinma Capital, the financial advisor, bookrunner, and lead manager for the initial public offering (IPO) of Marketing Home Group for Trading Co. (MHG), announced the successful completion of the book-building process for the participating entities tranche. The final price of the IPO on the Main Market (TASI) was set at SAR 85 per share, with the offering oversubscribed 967 times, according to a Tadawul statement. A total of 960,000 ordinary shares will be allocated, representing 20% of the shares offered for retail subscription. The retail tranche will begin on Aug. 18, ending on Aug. 20.
Argaam
03-08-2025
- Business
- Argaam
Marketing Home prices TASI IPO at SAR80-85/shr
Alinma Capital, the financial advisor, bookrunner, and lead manager of Marketing Home Group for Trading Co.'s (MHG) initial public offering (IPO) on the Main Market (TASI), announced the price range for the offering and the start of the book-building process today, Aug. 3. The IPO was priced between SAR 80 and SAR 85 per share, according to a Tadawul statement.
