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SNB Capital Successfully Leads Advisory for Entaj’s SAR 450 million Market Debut IPO
SNB Capital has successfully completed its advisory services for the Initial Public Offering (IPO) of Arabian Company for Agricultural and Industrial Investment (Entaj), marking another milestone in Saudi Arabia’s capital markets.
The final share price was set at SAR 50 per share, raising a total of SAR 450 million (USD 120 million). A total of 9 million shares, representing 30% of Entaj’s share capital, were offered, with 90% allocated to institutional investors and the remaining 10% reserved for individual investors. Following a highly successful book-building process, institutional investors oversubscribed the offering by more than 208 times and retail investors by more than 30 times.
SNB Capital acted as financial advisor, lead manager and underwriter for the transaction.
Zaid Ghoul, Head of Investment Banking at SNB Capital commented: "The overwhelming response to Entaj’s IPO underscores the confidence investors have in Saudi Arabia’s capital markets, which offer dynamic growth opportunities. We are pleased to have provided our advisory services to Arabian Company for Agricultural and Industrial Investment (Entaj), which joins a growing client base that views SNB Capital as a trusted partner for strategic support and financial expertise. Whether through public or private offerings, debt financing advisory, mergers and acquisitions, or debt issuance, we remain committed to helping companies expand and achieve their ambitions.”
With a 7.6% share of the Kingdom’s poultry market, Entaj’s IPO contributes to expanding investment opportunities in the sector and enhancing its competitiveness.
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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.
