GIB Capital LLC

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Equity Capital Markets

Public Offerings

OUR VALUE PROPOSITION

The GIB Capital’s team of equity capital markets professionals works closely with clients to prepare their company to make the transition from a private enterprise to a publicly listed company. Our IPO advisory services include cover:

  • All aspects of pre-IPO planning
  • Assistance in carrying out corporate governance gap analysis to prepare clients for the requirements of managing a publicly listed company. GIB Capital will evaluate a company’s actual or planned corporate governance practices and policies against securities and listing guidelines, identify weaknesses, and recommend remedial action
  • Review of business plan
  • IPO readiness assessment
  • Evaluation and selection of accounting advisor and legal counsel
  • Assistance in prospectus drafting and diligence
  • Transaction structuring and pricing
  • Underwriter introduction, selection and negotiation
  • Preparation of a presentation to underwriters
  • Assistance in obtaining necessary regulatory approvals including company conversion to a closed joint stock company
  • Assistance in pilot-fishing, market sounding and management roadshows
  • Assistance in marketing and media advertising
  • Post IPO support and advice

The offering phase is a juggling act carried out within a limited time frame. Acting as financial advisor and likely underwriter, and in consultation with legal counsel, GIB Capital professionals will acquire in-depth knowledge of a company in order to:

  • Review the preliminary prospectus for internal consistency
  • Ensure that the presentation of financial statements and other financial data meets regulatory disclosure requirements
  • Provide financial information and assistance in drafting the Management Discussion and Analysis (MD&A) section for the prospectus
  • Anticipate and respond to issues raised by the regulators (e.g. Capital Market Authority in Saudi Arabia
  • Participate in the due diligence process
OUR CREDENTIALS

Over the past 10 years, GIB and GIB Capital have raised equity capital for clients through public and private capital markets transactions. Clients include family-owned businesses and companies across a range of industries. GIB and GIB Capital have successfully closed IPO and rights issue transactions valued in excess of US$ 14 billion. Our landmark transactions include:

  • Al Alamiya for Cooperative Insurance Company – US$ 53 million raised via rights issue in January 2015
  • Saudi Arabian Mining Company (Ma’aden) – US$ 1.5 billion raised via rights issue in December 2014
  • National Commercial Bank – US$ 6 billion raised in December 2014
  • Zain Bahrain B.S.C. – US$ 24 million raised in December 2014
  • Middle East Specialized Cable Company Company – US$ 53 million raised via rights offering in September 2013
  • Hail Cement Company – US$ 131 million raised in September 2011
  • Aluminium Bahrain (Alba) – US$ 340 million raised in November 2010
  • Abdullah A.M. Al-Khodari Sons Company – US$ 163 million raised in October 2010
  • Saudi Steel Pipes Company – US$ 108 million raised in July 2009
  • Halwani Brothers Company – US$ 46 million raised in 2008
  • Abdulla Al-Othaim Markets Co. – US$ 72 million raised in 2008
  • Galfar Engineering & Contracting – US$ 156 million raised in 2007
  • Advanced Petrochemical Company – US$ 177 million raised in 2006
  • Al Baraka Banking Group – US$ 581 million raised in 2006
  • Saudi Paper Manufacturing – US$ 119 million raised in 2006
  • Bank Al-Bilad – US$ 400 million raised in 2005
  • Saudi Telecom Company – US$ 4 billion raised in 2003
OUR PAST TRANSACTIONS

GIB Capital LLC is a Saudi Limited Liability Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital LLC obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital LLC obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital LLC is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.