K&A advised Riyad Capital, a leading investment manager, on its strategic pre-IPO private equity investment round through the Riyad Pre-IPO Opportunities Fund for Ninja, the fastest-growing Q-Commerce platform in Saudi Arabia. Founded in 2022, Ninja has achieved record-breaking growth rates and gained significant market leadership in Saudi Arabia’s retail sector in a short span.

This strategic pre-IPO round underscores the robustness of Saudi capital markets and the breadth of opportunities they offer.

K&A’s team was led by Corporate Partner Basma Khashoggi, supported by Managing Partner Zeyad Khoshaim, Senior Associate Hawa Abaalkhail, Associate Danah Ohali, Ibrahim Aldokhi and Amer Alkhatti.

The deal further cements K&A’s standing as the leading law firm advising on groundbreaking private equity transactions and comes on the back of its retention of Top-Tier status in the 2025 Legal 500 rankings. K&A remains ranked in Tier 1 across several key practice areas, including Corporate & M&A, Capital Markets, Banking and Finance, Commercial, and Dispute Resolution, reinforcing its leadership in the Saudi legal market.