Tags : Lama Al Habib

IPOs Saudi Arabia Services

Marafiq completes SAR 3.36b IPO and listing on Saudi’s Tadawul 

The Power and Water Utility Company for Jubail and Yanbu’s (“Marafiq”) has become a publicly traded company on the Saudi Stock Exchange (“Tadawul”). Marafiq raised SAR 3.36 billion (USD 897 million) through its initial public offering (“IPO”), and now trades on the Saudi Exchange under the ticker 2083. With a market capitalization on listing of USD 3.1 […]

IPOs Oil & Gas Saudi Arabia

Arabian Drilling Company USD 712m IPO and USD 2.4b listing

Legal advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London, have acted for the underwriters on Arabian Drilling Company’s (“Arabian Drilling”) initial public offering at SAR 100 per share on the Saudi Stock Exchange (Tadawul) with an offer size of USD 712 million (SAR 2.6 billion).   The syndicate comprised HSBC Saudi Arabia, Goldman Sachs […]