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Closing of Saudi Aramco Fully Marketed Secondary Offering
SNB Capital announces the successful completion of the secondary public offering of shares of Saudi Aramco, the largest secondary offering in EMEA since the year 2000 and the largest ECM offering in the Middle East, after the Company’s own IPO in 2019.
The 1.545 billion shares, representing approximately 0.64% of the company’s issued shares, drew noticeable level of local and international demand highlighting the significant interest in Saudi Aramco track record of operational and financial excellence and the growing recognition of its competitive strength and long-term prospects. The sale raised SAR 42.10 billion (USD 11.23 billion) prior to the Over-allotment option, which if exercised in full, will increase the size to SAR 46.31 billion (USD 12.35 billion). The final offer price for both institutional and retail investors was set at SAR 27.25 (USD 7.26).
SNB Capital acted as the lead manager and also as a joint global coordinator with Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, J.P. Morgan Saudi Arabia Company, Merrill Lynch Kingdom of Saudi Arabia, Morgan Stanley Saudi Arabia, with M. Klein & Company and Moelis & Company UK LLP acting as Independent Financial Advisors for the Offering.
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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.
