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MHG Group’s IPO Approved: A New Chapter of Growth and Global Momentum for Illus Lighting
IPO Milestone Sets the Stage for Strategic Expansion
MHG Group, the parent company of Illus Lighting, has officially received approval from the Capital Market Authority (CMA) to launch its Initial Public Offering (IPO). On March 17, 2025, the CMA announced the approval of MHG’s registration and public offering of 4,800,000 shares. This pivotal moment not only reflects MHG’s strategic vision for global expansion and governance enhancement, but also signals a major opportunity for Illus Lighting to accelerate its international growth with stronger support and broader market exposure.
A Global Building Materials Leader Backed by Strong Brand Synergy
Since its establishment in 2006, MHG has become a global leader in building materials and integrated solutions, with 46 branches worldwide. Through innovation, operational excellence, and brand collaboration, the Group continues to strengthen its position across key market sectors.
Eng. Musaad Al-Qafari, CEO of MHG Group, stated:
“This IPO marks the beginning of a new phase of expansion and growth, as the company remains committed to providing high-quality products and services.”
A Strong Portfolio of Trusted Brands
MHG’s growth is fueled by a collection of complementary brands, each with a clear focus and market leadership:
- Illus Lighting: Delivering exceptional lighting solutions that blend modern design with premium quality standards.
- Build Station: A one-stop destination for all building and finishing materials, offering advanced and innovative solutions.
- Lighting Stores: Providing exceptional lighting solutions with high quality and modern designs.
- Ceramic Home: Offering a wide range of ceramics and porcelain products with the finest materials and designs.
- Hatch Sanitary Ware: Combining innovation and efficiency in the world of sanitary ware.
Additional well-known brands under MHG include Ilict, Fixer, Hypnotek, Hatch Selections, and Hatch Products, which together form a comprehensive ecosystem that supports sustainable growth and cross-brand synergy.
Illus Lighting: Advancing with Innovation, Powered by the IPO
Founded in 2014, Illus Lighting has become a leading name in intelligent and high-end lighting solutions. The brand serves diverse sectors, including residential, urban, hospitality, and industrial, with products that prioritize smart functionality, human-centric design, and environmental sustainability.
This IPO will empower Illus Lighting to leverage stronger capital backing, unlock new global markets, and fast-track its innovation roadmap. With an advanced manufacturing base, smart production systems, and a dedicated R&D team, Illus is now poised to enhance its role as a major force in the global lighting industry.
Expanding Global Presence
Today, Illus Lighting’s presence spans across Saudi Arabia, China, Spain, the UAE, Oman, Kuwait, Qatar, and Bahrain. Known for its outstanding product quality, cutting-edge technologies, and full-service support, Illus has earned the trust of customers and partners worldwide. As MHG steps into the public market, Illus is equipped with more tools to expand its influence and deliver greater value to clients across regions.
Looking Ahead: Lighting the Future Together
MHG’s IPO opens up new horizons not only for the Group as a whole but also for Illus Lighting’s future development. As the Group continues to grow, Illus will benefit from increased resources, strategic collaborations, and expanded innovation capacity. Looking forward, Illus Lighting is committed to deepening its presence in the Chinese market, accelerating international growth, and delivering smarter, more artistic, and more efficient lighting solutions—shaping a brighter and more connected world.
