Baker McKenzie Advised SNB Capital And EFG Hermes On Almasar Alshamil Education IPO
: Baker McKenzie advised SNB Capital and EFG Hermes on Almasar Alshamil Education IPO on Saudi Exchange.
Baker McKenzie advised SNB Capital and EFG Hermes on Almasar Alshamil Education IPO
The global law firm, Baker McKenzie advised SNB Capital, acting as the sole financial advisor, underwriter, and lead manager, and joint bookrunner with EFG Hermes in the successful initial public offering (IPO) of Almasar Alshamil Education (“Almasar Education”) on the main market of the Saudi Exchange (Tadawul). The offering comprised 30% of Almasar Education’s share capital, representing 30,720,400 shares.
The IPO raised approximately SAR 599 million, implying a market capitalization at listing of SAR 1,997 million. The transaction marks a significant milestone for Almasar Education and underscores the Kingdom’s commitment to expanding its education sector and attracting investment through capital markets. Almasar Education provides specialized education services across the GCC, including special needs education, care and rehabilitation, and higher education through private universities.
"We are proud to have supported SNB Capital in this landmark transaction, which underscores the growing depth and sophistication of Saudi Arabia’s capital market. This IPO not only reflects investor confidence in the education sector but also demonstrates the Kingdom’s progress toward Vision 2030 goals,"
said Nadine Nassar, Senior Counsel at Baker McKenzie Law Firm in Saudi Arabia.
The Baker McKenzie team was led by Nadine Nassar, with support from Charles Farnsworth, Tina Maria Kassouf, and Lama AlHabib.
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