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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 Successfully Completes Advisory for Almasar Alshamil Education Company’s SAR 599mn IPO Debut
SNB Capital has successfully completed its advisory services for the Initial Public Offering (IPO) of Almasar Alshamil Education Company, acting as the Lead Manager, Financial Advisor, Underwriter, and Bookrunner for the transaction.
The IPO comprised 30.7 milllion ordinary shares, representing 30% of the company’s share capital with a final offer price of SAR 19.5 per share, resulting in a total offering value of SAR 599 million.
Following the completion of institutional book-building, 9.2 million shares, representing 30% of the offering, were made available to retail investors. A total of 95,679 individual subscribers participated in the retail tranche, generating orders worth SAR 218.2 million and achieving a coverage ratio of approximately 1.21 times.
Almasar Alshamil Education Company’s shares were listed today on the Saudi Exchange's Main Market (TASI) under the ticker symbol (6019) and international code (SA56DG9IU1H8).
The offering contributes to the continued development of the Kingdom’s education sector, supporting Vision 2030 objectives to enhance quality, accessibility, and private-sector participation.
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.
