Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co. has postponed plans for an initial public offering that was set to raise as much as $799 million and rank as the region’s first major listing of the year.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-09/saudi-arabia-contractor-mgc-said-to-postpone-799-million-riyadh-ipo)