Baker McKenzie Advises SNB Capital and EFG Hermes on Almasar Alshamil Education IPO

"Baker McKenzie advised SNB Capital and EFG Hermes on the initial public offering of Almasar Alshamil Education on the Saudi Exchange. The offering comprised 30% (30,720,400 shares), raised c. SAR 599 million and implied a listing market capitalisation of SAR 1,997 million."

Baker McKenzie advised SNB Capital and EFG Hermes in the initial public offering of Almasar Alshamil Education, assisting SNB Capital which acted as the sole financial advisor, underwriter and lead manager and as joint bookrunner with EFG Hermes. The offering, conducted on the main market of the Saudi Exchange (Tadawul), comprised 30% of Almasar Education’s share capital, representing 30,720,400 shares. The IPO raised approximately SAR 599 million and implied a market capitalisation at listing of SAR 1,997 million. The transaction marks a milestone for Almasar Education and underscores the Kingdom’s efforts to expand the education sector and attract investment through its capital markets. Almasar Education is a leading GCC provider of specialised education services, including special needs education, care and rehabilitation, and higher education through several private universities. Baker McKenzie represented SNB Capital and EFG Hermes with a team composed by: Nadine Nassar (Senior Counsel, Baker McKenzie Saudi Arabia), Charles Farnsworth (Capital Markets), Tina Maria Kassouf (Capital Markets) and Lama AlHabib (Capital Markets).

Baker McKenzie Advises SNB Capital and EFG Hermes on Almasar Alshamil Education IPO

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