Initial Public Offerings (IPOs)
Since its inception in 2017, our team members advised and assisted many Saudi companies* (including sole establishments) in converting their legal forms from privately owned to publicly owned via IPO or Direct Listing. Below we set out the list of companies that we converted to Public Joint Stock Companies and are currently listed on the Saudi stock exchange:
Materials sector
- Saudi Lime Company
- AlKathiri Holding Company
- United Mining Industries Company
- Mohammed Hasan AlNaqool Sons Company
Consumer Services sector
- Mataam Bait AlShatira Company “Burgerizzer”
- Development Works Food Company
Consumer Discretionary Distribution & Retail sector
- Abdullah Saad Mohammed Abo Moati for Bookstores Co.
Capital Goods sector
- Waja Company
Real Estate Mgmt & Dev’t sector
- SUMOU Real Estate
- Banan Real Estate Company
Consumer Durables & Apparel sector
- Thob Al Aseel Company
Software & Services sector
- Saudi Azm for CIT (obtained the best listing award in 2023 by CMA-Capital Market Forum)
Financial Institution
- Osool and Bakheet Investment Company
- Mulkia investment Company
*The above representations were handled by our team members prior to joining the KLA Law Firm.
We recently assisted and advised AlHokail Hospital Co. in obtaining CMA approval on the offering and registration of its shares via an IPO.