K&A Advises on the Kingdom’s first Green Sukuk

K&A is pleased to have acted as issuer’s counsel to Saudi Electricity Company (SEC) on its debut green sukuk. The USD 1.3 billion sukuk generated significant investor interest and received orders of more than $5 billion.

This is K&A’s fourth sukuk issuance this year after having worked on SABB’s USD 5 billion international and SAR 5 billion local Sukuk program as counsel to the Dealers and Riyad Bank’s USD 3 billion international Sukuk program earlier this year as issuer’s counsel, which cements K&A as a debt capital markets leader in the Kingdom.

This announcement comes on the back of K&A dominating the IFLR award nominations last week.

Congratulations to SEC and the team.

SEC Announcement

K&A Advises on Accelerated Bookbuild Sale in SABB

K&A advised NatWest Markets plc and Banco Santander S.A. in connection with their USD200 million disposal of shares in Saudi British Bank by way of an accelerated bookbuild.

This transaction comes on the back of K&A advising on the AlAwwal/SABB merger last year on the behalf of the major shareholders in AlAwwal, and the second ABB transaction K&A is involved with after Savola’s.

The transaction involved K&A’s tier 1 capital markets and corporate practices.

K&A Dominates IFLR Award Nominations

K&A is honored to announce that it has been nominated for five awards as part of the prestigious IFLR Middle East Awards.

K&A received the nod for National Law Firm of the Year and Equity Team of the Year, in addition to its role on the following mega deals:

  1. The Saudi Aramco / SABIC M&A transaction
  2. The Saudi Aramco IPO
  3. The Riyad Bank Tier 2 issuance

Managing Partner, Zeyad Khoshaim, commented: “We are delighted to have been nominated for National Law Firm of the Year. We appreciate IFRL’s recognition of our practice and team. The number and categories of our nominations reflects the depth and breadth of our practice areas. I am proud to be working amongst the best team of lawyers in KSA.”

These nominations come following K&A recently receiving the prestigious status of becoming the only Saudi Arabian law firm to have been ranked as band 1 by leading law firms ranking journal “Legal 500” in Capital Markets, Banking and Finance, Commercial, Corporate and M&A, and Dispute Resolution.