"Marketing House" aims to expand the sale of the sentence after completing the offer in the Saudi Market

The group “Marketing House” aims to expand the sale of wholesale and for major projects after completing the process of offering 30% of its shares in the Saudi Stock Market “Tassi”, to take larger steps three years ago, which started the establishment of project management three years ago and followed to start agreements with the ministry of housing and projects -Sharq, CEO and CEO and Management Director, Al -Assistant Al -Assistant Al -al –qafari. Today (Tuesday) has begun to subscribe to the individual investor segment that has been allocated to them 20% of the offer shares, and it will take two days, after the group has determined the final price at 85 Riyals for the share after setting the order record for settings. The offer contains 4.8 million shares, representing 30% of the company’s 160 million rows capital. Strong cash -liquidity Al -qafari said the group also planned, along with its products aimed at the high segment of consumers, to provide new products for the medium slide characterized by the quality and competitive price. He explained that the company has a strong cash liquidity, as the remaining 181 million profits exceed the company of the company of 160 million, and noted that the ‘marketing house’ does not have debt and does not intend to borrow in its expansion plans. The company’s business is distributed in three sectors; It contains floors, walls, lighting and sanitary ware, as they are active in the markets of Saudi Arabia, the Emirates, Qatar, Oman and Kuwait, and according to Al -qafari, they have a presence in Spain and China as a logistical support for his business. As for the group’s activity in the Saudi market, Al -qafari said that the ‘marketing house’ comes among the four adults in the products of housing finishes, and that there are about 40 exhibitions on the regions of the kingdom. He pointed out that the company held the first position in the lighting sector in Saudi Arabia with a market share of 4%, second place in sanitary ware with a 5%share, and fifth place in the floors with a 4%share. Al -qafari expected the company to continue the path of growth, whether on the part of revenue or profits, with the support of the increasing demand for the background of project momentum and construction work in Saudi Arabia and the markets in which it is located.