Mergers & Acquisitions/Anti-Trust
- Advised Miahona on its acquisition of 100% of SHAS Water from Al Manhal Water Factory Company, a Nestlé Waters subsidiary, for approximately SAR 100 million.
- Advised Albilad Capital on Albilad Hospitality Fund I's approximately SAR 1 billion acquisition of the Mövenpick Hotel & Residences Riyadh.
- Advised The Public Investment Fund on its consortium's SAR 3.026 billion acquisition of an 80% interest in Zain KSA's portfolio of 8,069 passive telecommunications towers.
- Advised The Public Investment Fund on its USD 1.3 billion subscriptions for significant minority interests in Nesma & Partners Contracting Company, ElSeif Engineering Contracting Company, AlBawani Holding Company and Almabani General Contractors Company.
- Advised The Public Investment Fund on its 50:50 joint venture with stc Group to establish iot squared, a Saudi internet-of-things company with initial capital of SAR 492 million.
- Advised Saudi Basic Industries Corporation (SABIC) on its SAR 4.59 billion sale of SABIC Agri-Nutrients Investment Company to SAFCO in exchange for newly issued SAFCO shares, including obtaining GAC’s non-objection in respect of the economic concentration.
- Advised BinDawood Holding Company on its SAR 441.1 million acquisition of Zahrat Al Rawdah Pharmacies Company LLC, including obtaining GAC’s non-objection in respect of the economic concentration.
- Advised SIG Combibloc Group AG on its acquisition of Obeikan Investment Group's remaining 50% interest in SIG Combibloc Obeikan for approximately 17.5 million SIG shares and EUR 167 million in cash, including obtaining GAC’s non-objection in respect of the economic concentration.
- Advised BATIC Investments and Logistics Company on its proposed SAR 226.47 million acquisitions of Al Muhaidib Land Transport Company and Al Himma Logistics Company through a capital increase and share consideration, including obtaining GAC’s non-objection in respect of the economic concentration.
- Advised Riyad Bank in connection with its attempted merger with the National Commercial Bank.
Equity/Debt Capital Markets
- Advised Solutions by STC and Giza Systems on a dual-tranche Sharia-compliant financing comprising a USD 84 million Murabaha facility and an EGP 2.82 billion mudaraba facility for Giza Systems and VAS Integrated Solutions, provided by a syndicate led by Abu Dhabi Islamic Bank – Egypt.
- Advised the underwriters on Saudi Aramco's USD 25.6 billion IPO and listing on the Saudi Exchange, comprising 3 billion shares representing 1.5% of the company — the largest IPO in history at the time.
- Advised Solutions by STC on its SAR 3.624 billion IPO and Main Market listing of 20% of its share capital, comprising 24 million shares at SAR 151 per share and implying a market capitalisation of approximately SAR 18.1 billion.
- Advised Elm Company on its SAR 3.072 billion IPO and listing of 30% of its share capital on the Saudi Exchange.
- Advised Alamar Foods Company on its SAR 1.22 billion initial public offering and listing on the Saudi Exchange Main Market.
- Advised Emaar, The Economic City on its SAR 2.833 billion capital increase through the conversion of PIF debt into approximately 283.33 million new shares, resulting in PIF acquiring a 25% shareholding.
- Advised Al-Dawaa Medical Services Company on its SAR 1.861 billion IPO and listing of 30% of its share capital on the Saudi Exchange.
- Advised EIG Pearl Holdings S.à r.l. on its inaugural USD 2.5 billion dual-tranche senior secured bond offering, comprising USD 1.25 billion 3.545% bonds due 2036 and USD 1.25 billion 4.387% bonds due 2046.
Venture Capital
- Advised Artal Capital, through the Artal Growth Opportunities Fund, as lead investor in Syarah's SAR 225 million-plus Series C financing, including cross-border due diligence on the target's Saudi and Jordanian operations.
- Advised Saudi Technology Ventures (STV) on its investment in Careem's USD 200 million first close of a planned USD 500 million Series F financing, alongside Kingdom Holding Company, Al Tayyar Group and Rakuten.
- Advised Saudi Technology Ventures (STV) on leading Unifonic's USD 21 million-plus Series A financing — the largest Series A financing in the Middle East at the time.
