MC4 may go public in H1 2024: Report

15/01/2024 Argaam
Logo ofMilling Co. 4 (MC4)

Logo of Milling Co. 4 (MC4)

Fourth Milling Co.  (MC4) may sell its shares in an initial public offering (IPO) as soon as in the first half of 2024, Bloomberg reported today, Jan, 15, citing unnamed sources with knowledge of the matter. 

 

MC4 hired Riyad Capital to manage the share sale, they added. 

 

Abdullah Al Othaim Markets Co. (Al Othaim) said that its affiliate, MC4, appointed a financial advisor to sell a partial stake to the public in the Saudi Exchange (Tadawul), Argaam earlier reported. 

 

Al Othaim indirectly owns 33.33% of MC4. In mid-2021, MC4, which was established in 2017, was sold to a consortium of investors in a public tender offered by the National Center for Privatization & PPP (NCP).

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