One of the best companies in the region’s cold chain technology sector, Consolidated Grünenfelder Saady Holding Company (“CGS” or the “Company”) — a leader in providing high-quality and innovative cold chain solutions, including advanced refrigeration, refrigerated transport, specialized mobile units, and the design and manufacturing of complex systems in Saudi Arabia — today announced the successful completion of its Initial Public Offering (“IPO” or the “Offering”) following the close of the retail offering.
Following the completion of the institutional book building process in early November 2025G, the retail offering took place on 26 and 27 November 2025. The retail offering saw 78,824 individual investors subscribe for 4,254,300 shares at the IPO price of SAR 10 per share, which represented 14.2% of the Offer Shares.
The IPO will enable CGS to cement its position as market leader in the refrigeration sector in the Kingdom and continue to deliver growth across its other segments.
Trading of the Company’s shares on the Main Market of the Saudi Exchange is expected to start after completion of all of the relevant legal requirements and procedures. The trading commencement date of the Shares will be announced on the Saudi Exchange website
The IPO of CGS comprised an offer of 30,000,000 ordinary shares, representing 30% of the Company’s issued share capital by way of a sale by the Selling Shareholders.
With respect to the Offering, the Company has appointed AlJazira Capital to act as Financial Advisor, Lead Manager, Bookrunner and Underwriter, and Arqaam Capital as Joint Bookrunner.
