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.