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الاقتصادية
Al-Ghawairi cites timing for offering delay
Muttlaq Al-Ghuwairi Contracting Company has decided to postpone its initial public offering, despite strong demand for the shares and institutional book coverage multiple times at the top of the price range. The company confirmed that the order book results demonstrated the quality of its operations and supported its market position. The postponement came after careful consideration of the timing for completing the remaining procedures, in order to protect the interests of the selling shareholders and avoid any negative impact on its operational activities. The company continues to strengthen its financial position, with revenues increasing by 59% in the first quarter of 2026, and net profits rising by 85%.
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