Equity Capital Market[ECM]
We have led nearly all the rights issues that have taken place in the Kingdom, including acting on behalf of the issuers or underwriters.
Khaligyoun Legal Advisors (KLA) recently assisted and advised Naseej International, Amiantit, Takween, AlSagr insurance in obtaining CMA approval on the capital increase through rights offerings and subsequent listing on the Saudi Stock Exchange.
Transactions below are conducted on the Main Market [Tasi]:
Our representative matters includes advising the below insurance companies* on capital increase through rights issue and listing of new shares on the Saudi Stock Exchange; the main Tasi market.
Buruj Cooperative Insurance Company | |
Saudi Indian Company for Cooperative Insurance [Wafa] [prior its deregistration] | |
Salama Cooperative Insurance Company | |
MetLife|AIG ANB Cooperative Insurance Company [prior its merger] | |
Saudi Enaya Cooperative Insurance Company | |
Gulf General Cooperative Insurance | |
Amana Cooperative Insurance Company | |
Malath Cooperative Insurance Company |
Our team has deep experience in the insurance sector and provides a complete range of advisory services, including: establishing and registering insurance services providers, assisting and advising on their capital restructurings, corporate governance, and providing general legal advisory services [eg. compliance, policy wording issues], and disputes in insurance policies.
Our team members also advised and assisted the below corporations on setting up in the Kingdom through an IPO and listing on the main Tasi market:
- Saudi Medgulf Insurance Company*
- Burruj Insurance Company*
- AlSagr for Cooperative Insurance Company*
- Salama Insurance Company*
- Gulf Union Cooperative Insurance Company*
- United Wires Factory Company*
Our representative matters includes advising the below companies* which are categorized under different sectors and industries on capital increase, through rights issue and listing of new shares on the Saudi Stock Exchange; the main TASI market.
Al Baha Investment & Development | Methanol Chemicals Company [Chemanol] | |
Saudi Tourism Enterprises [Shams] | Saudi Fisheries (Asmak) | |
Saudi Paper Manufacturing [SPM] | Raydan | |
Wafra for Industry & Development | Anaam International Holding Group | |
Batic Investments & Logistics Company | Amiantit | |
L’azurde Company for Jewelry | Al Kathiri Holding | |
Al Khaleej Training & Education | Nama Chemicals | |
Naseej International Company [previously known as “Al Sorayai Group Company”] | Saudi Industrial Export [Saderat] | |
Arabian Pipes | Development Works Food [DWF] |
*The above representations were handled by our team members prior to joining KLA Law Firm.