28 October, 2014


Legal Advisors, Abdulaziz I. Al-Ajlan & Partners In Association with Baker & McKenzie has advised the financial advisors and lead managers on the initial public offering (IPO) of The National Commercial Bank, a Saudi Arabiaan lender. The deal raised SAR 22.5bn (USD 6bn).


The Firm advised GIB Capital and HSBC Saudi Arabia as financial advisors and lead managers on the deal, which sees 25 percent of the bank floated. Partner Karim Nassar led the team.

Mr. Nassar said, “With Saudi Arabia preparing to open its stock exchange to foreign investors, global investor interest is high and rising. NCB was the last of the Kingdom’s major banks to go public and it has been an honourto work on such a large and prestigious deal.”


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