Baker McKenzie Acted As Legal Counsel To Alramz Real Estate Company On Successful IPO
Baker McKenzie acted as legal counsel to Alramz Real Estate Company on successful IPO
The global law firm, Baker McKenzie acted as legal counsel to Alramz Real Estate Company (“Alramz”), a leading real estate developer in Saudi Arabia, on its successful initial public offering (IPO) on the main market of the Saudi Exchange (Tadawul). The offering comprised 12,857,143 ordinary shares, representing 30% of Alramz’s share capital post-capital increase (and 43% pre-capital increase), at a price of SAR 70 per share.
The IPO marks a significant milestone for Alramz, reinforcing its position in Saudi Arabia’s dynamic real estate sector.
Commenting on the deal, Nadine Nassar (Senior Counsel, Baker McKenzie, Saudi Arabia) said,
“We are proud to have supported Alramz in achieving this important milestone. The successful IPO reflects the strength of Saudi Arabia’s capital markets and the growing investor confidence in the real estate sector. Our team worked diligently to ensure a smooth and efficient process, and we look forward to continuing to support our clients in their strategic growth initiatives.”
The Baker McKenzie team advising on the transaction comprised Nadine Nassar (Senior Counsel), Sara AlNasser (Associate), Hayat Alabdulwahed (Associate), and Alma AlGhamdi (Trainee Associate).
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