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SNB Capital Successfully Completes Nice One’s SAR 1.2bn IPO
SNB Capital played an instrumental role in Nice One Beauty Digital Marketing Company (Nice One) IPO, successfully executing a highly anticipated listing today on the Main Market of the Saudi Exchange, offering 34.65 million ordinary shares, amounting to 30% of the company’s share capital.
Following a well-received IPO that saw strong demand from investors, where institutional investors covered the issue more than 139 times, the final offering price, set at SAR 35 per share, was determined through a robust book-building process, raising a total of SAR 1.2bn (USD 323.4 million).
The successful completion of Nice One’s IPO, a leading Saudi e-commerce company for beauty, care, and perfume products in the Gulf and Middle East, reinforces SNB Capital’s role as a trusted partner for high-growth companies looking to scale and thrive in Saudi Arabia’s dynamic market. By delivering a seamless and robust advisory process, SNB Capital continues to support the expansion of innovative businesses, contributing to the diversification of the Kingdom’s economy and strengthening the appeal of its capital markets to regional and global investors
Zaid Ghoul, Head of Investment Banking at SNB Capital commented: “This successful IPO represents a significant milestone, not only for the company but also for the diversification of capital market offerings. We are pleased to work with visionary companies, such as Nice One, which have placed immense trust in SNB Capital to lead them on this next step in their growth journey. This achievement highlights the confidence of investors in the potential of technology-driven companies and reinforces Saudi Arabia's position as a hub for dynamic, future-focused businesses.”
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Ministry of Environment, Water and Agriculture Launches the “Namaa” Endowment Fund and Appoints SNB Capital as Fund Manager
The Ministry of Environment, Water and Agriculture has launched the “Namaa” Endowment Fund, an investment fund offered through a public offering and compliant with Sharia standards, with its units endowed to support nonprofit entities operating across the Kingdom’s environment, water, and agriculture ecosystem.
SNB Capital has been appointed as the fund manager, in a step that reinforces its pivotal role in developing the endowment sector by contributing to its transformation into a sustainable investment model.
The launch of the “Namaa” Endowment Fund aligns with the objectives of Vision 2030, as it aims to increase the contribution of the nonprofit sector to GDP and support the sustainability of the environment, water, and agriculture ecosystem. It also aims to channel capital toward environmental and developmental projects with measurable impact by preserving the endowment’s capital and reinvesting its returns.
This initiative reflects SNB Capital’s commitment to advancing the endowment sector through modern financial management tools that improve efficiency, reinforce economic impact, and deliver sustainable value in line with the goals of Saudi Vision 2030.
SNB Capital and Investcorp Announce Strategic Partnership
SNB Capital announces a strategic partnership with Investcorp Saudi Arabia Financial Investments Company (Investcorp), focused on cooperation across asset management, investment banking, and wealth management.
The partnership brings together SNB Capital’s strong investment banking expertise and capabilities in fund structuring and development with Investcorp’s global investment platform and deep experience across alternative asset classes.
The aim of the collaboration is to originate and capitalize on investment opportunities in Saudi Arabia and internationally, spanning private equity, real assets, and credit.
SNB Capital’s partnership with Investcorp allows the group to access compelling opportunities in priority sectors, support capital formation, and contribute meaningfully to the Kingdom’s ongoing economic transformation.
As Saudi Arabia’s growth accelerates, sectors such as technology, logistics, healthcare, and infrastructure are experiencing rapid expansion, creating compelling opportunities for strategic capital deployment that support long-term economic diversification, resilience, and global competitiveness.
Leveraging deep local market expertise, strong regulatory engagement, and a proven track record of structuring and executing landmark transactions, SNB Capital supports the advancement of Saudi Arabia’s capital markets, in line with the Kingdom’s Vision 2030 objectives.
