Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 12-11-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | The National Commercial Bank of Saudi Arabia IPO | Industry: | Banks |
| Description: |
Latham and Watkins LLP advised The National Commercial Bank (NCB) on the USD6 billion (SAR22.5 billion) initial public offering (IPO) of 25 percent of its shares at an offer price of SAR45 per NCB share. The 500 million shares sold in the IPO were held by the Saudi Public Investment Fund (PIF), and were divided into 300 million shares allocated for subscription by Saudi individuals and 200 million shares allocated for subscription by the Public Pension Agency (PPA).
The Latham and Watkins team was led by partners Harj Rai and Andrew Tarbuck with support from partners Salman Al-Sudairi, Craig Nethercott, Sami Al-Louzi and Scott Ballenger.
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| Financial Center: | Dubai | Value: | 5000.01-10000.00 |
| Advised Party: | Issuer | Law Firm | Latham & Watkins |
| Issuer Jurisdiction- | Saudi Arabia | Listing Jurisdiction- | Saudi Arabia |
| Classification: |
Initial Public Offerings Saudi Stock Exchange |
Lawyer | Harj Rai |
