According to the Tadawul announcement dated June 30, 2025, the Capital Market Authority (CMA) has approved the registration and initial public offering of Consolidated Gruenenfelder Saady Holding Company's shares. The CMA Board issued its resolution on June 25, 2025, approving the company's application to offer 30 million shares, representing 30% of the company's share capital.

The company, which operates as a Swiss-Saudi joint venture known as Coldstores Group of Saudi Arabia (CGS), specializes in transport refrigeration, stationary refrigeration systems for industrial and commercial applications, multipurpose shelters, and utility vehicle conversions. CGS positions itself as a pioneer in refrigeration transport and storage solutions with a focus on engineering expertise and total lifetime cost of ownership optimization.

According to the Tadawul announcement, the company's prospectus will be published with sufficient time before the subscription period begins. The prospectus will contain comprehensive information including the company's financial statements, business activities, and management details to enable investors to make informed decisions. The CMA emphasized that investment decisions should not be made without carefully reviewing the prospectus content, as such decisions may involve high risks.

The regulatory authority clarified that its approval should not be interpreted as a recommendation to subscribe to the offering, but rather as confirmation that the company has met legal requirements under the Capital Market Law and its implementing regulations. The approval remains valid for six months from the resolution date and will be cancelled if the offering and listing are not completed within this timeframe.