Saudi Regulator Greenlights Mutlaq Al-Ghowairi Contracting Co's Share Offering

12:56 AM EST, 01/01/2026 (MT Newswires) -- Saudi Arabia's Capital Market Authority approved the registration and offering of new shares by Mutlaq Al-Ghowairi Contracting Co. The infrastructure developer plans to offer 240 million shares, representing 30% of its share capital, the regulator said Wednesday. The approval is valid for six months.