K&A acted on Al Masane Al Kobra Mining Company’s (AMAK) initial public offering and the listing on the main market of the Saudi Exchange, raising over SAR 1.2 billion. K&A’s role was to advise Al Rajhi Capital, the sole financial adviser, lead manager, underwriter and bookrunner on the IPO.
AMAK is one of the largest mining companies in the Kingdom and owns multiple exploration sites in the southwest region. The IPO combined both a primary and a secondary offering, where existing shareholders sold portion of their shares and the company issued and sold new shares.
The K&A team included partners Zeyad S. Khoshaim and Amro Bakhaidar, associate Ghaida Meaigel and trainee associates Raghad Alhumaidan and Modi Alnafea.
This transaction comes on the back of K&A being ranked Band 1 by Chambers and Partners in all transactional areas including Capital Markets.