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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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SNB Capital and Aramco’s Wa’ed Ventures Sign a Strategic Partnership to enable Strategic Advisory and Investment Services
SNB Capital has signed a strategic partnership with Aramco’s venture capital fund Wa’ed Ventures; aiming to identify and collaborate on potential joint investment opportunities in the technology startup sector.
The partnership establishes a framework for strategic cooperation by combining SNB Capital’s market leading advisory expertise with Wa’ed Ventures’ investment capabilities, the partnership seeks to accelerate the growth of innovative startups, enable access to capital markets, and enhance investment flows.
Under the partnership, SNB Capital and Wa’ed Ventures will collaboratively identify potential investments that align with their shared strategic objectives, with SNB Capital acting as a financial advisor to Wa’ed Ventures and its subsidiaries across debt and equity capital markets, including mergers and acquisitions, debt structuring, and financing arrangements.
In addition, the partnership allows for the provision of specialized consultations and research, including legal, tax, and zakat advisory, to ensure the optimal structuring and execution of financial transactions.
Moreover, the partnership is set to accelerate the growth of innovative startups, unlock new streams of investment, and enable access to financing solutions to provide sustainable value to stakeholders as well as support the long-term growth for startups and entrepreneurs.
SNB Capital and Aramco’s Wa’ed Ventures Sign a Strategic Partnership to enable Strategic Advisory and Investment Services
SNB Capital has signed a strategic partnership with Aramco’s venture capital fund Wa’ed Ventures; aiming to identify and collaborate on potential joint investment opportunities in the technology startup sector.
The partnership establishes a framework for strategic cooperation by combining SNB Capital’s market leading advisory expertise with Wa’ed Ventures’ investment capabilities, the partnership seeks to accelerate the growth of innovative startups, enable access to capital markets, and enhance investment flows.
Under the partnership, SNB Capital and Wa’ed Ventures will collaboratively identify potential investments that align with their shared strategic objectives, with SNB Capital acting as a financial advisor to Wa’ed Ventures and its subsidiaries across debt and equity capital markets, including mergers and acquisitions, debt structuring, and financing arrangements.
In addition, the partnership allows for the provision of specialized consultations and research, including legal, tax, and zakat advisory, to ensure the optimal structuring and execution of financial transactions.
Moreover, the partnership is set to accelerate the growth of innovative startups, unlock new streams of investment, and enable access to financing solutions to provide sustainable value to stakeholders as well as support the long-term growth for startups and entrepreneurs.
