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SNB Capital Reaches a Landmark Milestone of successfully closing 100 Investment Banking Transaction Milestone, Driving Transformative Deals
SNB Capital has successfully closed 100 Investment Banking transactions since the firm’s inception in 2021, with a combined value of more than SAR 750 billion (USD 200 billion) averaging closing 2 to 3 transactions every month and contributing to strategic direction of transforming the Saudi Capital Markets, attracting global capital and foreign direct investments into the Kingdom
Among these 100 transactions are some of the most significant deals in the region and internationally, such as the SAR 42.1 billion (USD 11.23 billion) Fully Marketed offering for Saudi Aramco, the largest secondary offering of its kind in EMEA and the Middle East and the SAR 3.86 billion (USD 1.03 billion) Accelerated Book Building transaction in Saudi Telecom Company, the largest overnight deal of its kind in Saudi Arabia and the wider MENA region completed as part of the Capital Recycling Program of the Public Investment Fund.
“This achievement reflects the trust that our clients, both within Saudi Arabia and internationally, placed in SNB Capital’s comprehensive investment banking solutions, from IPOs and capital recycling to debt, corporate finance advisory, and mergers & acquisitions. The milestone not only highlights our proven expertise but also reinforces our commitment to fostering investment diversity, demonstrating SNB Capital’s tangible impact on supporting and shaping the development of the financial ecosystem” remarked Zaid Ghoul, Managing Director and Head of Investment Banking at SNB Capital.
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SNB Capital Announces Successful Closure of the Basic Foods Fund with a SAR 200 million Investment in Warda Al Mashreq Foods
SNB Capital has announced the successful closure of the private investment fund, SNB Capital Basic Foods Fund. The Shariah-compliant fund is designed to invest in Warda Al Mashreq Foods, one of the Kingdom’s leading food manufacturing companies, to support its readiness for an initial public offering (IPO) on the Saudi Stock.
The company produces a wide range of processed cheese and essential food products and has seen rapid growth in demand. It boasts an outstanding operational track record spanning over 30 years.
Warda Al Mashreq currently operates three factories in Riyadh, the capital of Saudi Arabia, and is in the process of establishing a fourth facility. This expansion positions the company competitively to enhance operational efficiency and increase production capacity, with a focus on export opportunities and regional growth in one of the most dynamic sectors.
Market estimates suggest that the company’s target food sector in the Middle East and Africa will grow from SAR 58.1 billion in 2023 to SAR 67.1 billion by 2028, driven by population growth and changing consumer behavior across the region.
The Basic Foods Fund reflects SNB Capital’s commitment to delivering carefully designed investment solutions that add value to client portfolios. The fund was structured to acquire a stake in a company with a clear expansion strategy and IPO readiness, leveraging SNB Capital’s expertise to transform it from a leading food manufacturer into a nationally listed entity.
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.
