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.

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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.

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The K&A team included partners Zeyad S. Khoshaim and Amro Bakhaidar, associate Ghaida Meaigel and trainee associates Raghad Alhumaidan and Modi Alnafea.

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This transaction comes on the back of K&A being ranked Band 1 by Chambers and Partners in all transactional areas including Capital Markets.