AS&H Clifford Chance Advised Almasar Alshamil Education Company On SAR 599 Million IPO

AS&H Clifford Chance Advised Almasar Alshamil Education Company on SAR 599 Million IPO

The leading law firm AS&H Clifford Chance acted as issuer’s counsel to Almasar Alshamil Education Company on its landmark SAR 599 million (approx. US$160 million) initial public offering (IPO) on the Saudi Exchange (Tadawul), giving the company an implied market capitalization at listing of SAR 1.997 billion (approx. US$533 million). Almasar Alshamil is a leading specialized education group in the region to undertake an IPO in the main market (TASI).

The IPO raised 70% of the total offer volume from institutional investors and the remaining from Saudi retail investors. The order book was 102.9 times oversubscribed, with total demand reaching SAR 61.6 billion (approx. US$16.4 billion). The IPO was successfully completed on December 2, 2025.

The AS&H Clifford Chance cross-border team was led by Mansoor Alhagbani (Riyadh) and Rakan Kawar (Riyadh), supported by Abdulaziz AlAbduljabbar (Associate), Hakam A. (Associate), Faisal Bin Alamir (Associate), Majid Alibrahim (Associate), and Mohammed Almalki (Associate). Cross-border support was provided by Daud Khan (Dubai), Dr. Axel Wittmann (Frankfurt), Andrei Manea (Frankfurt), Massimiliano Valli (Dubai), Sima AlBaterni (Dubai), Maya Al Qazaz (Dubai), and Alessia Aiello (Milan).

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