K&A advised Hassana Investment Company as a cornerstone investor in relation to Jahez International Co.’s initial public offering and listing on the parallel market (Nomu) – the first Saudi technology startup to IPO in Saudi Arabia.

Hassana Investment Company, the investment arm of the General Organization for Social Insurance, acquired a 4.99% stake in Jahez International Co. as part of the IPO. The K&A team was led by Partners Zeyad Khoshaim and Amro Bakhaidar, assisted by Associate Ghaida Meaigel.

This transaction comes on the back of K&A working on the Almunajem Foods Company IPO and achieving Tier 1 rankings in Capital Markets by IFLR 1000.

‍