Largest Saudi IPO in years prices in Riyadh

Arabian Centres Company (ACC), the owner and operator of Saudi retail malls, has priced its IPO at the bottom of its original range, winning local support for one of the largest deals from the Kingdom in years.

  • By Sam Kerr
  • 10 May 2019

Goldman SachsMorgan Stanley, NBC Capital and Samba Capital were financial advisers to the company and bookrunners on the Tadawul listing.  

The other bookrunners were CitiCredit Suisse, EFG Hermes, Emirates NBD and Natixis.

The company is selling 95m shares at Sr26 a share raising Sr2.47bn ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 157,356.37 678 8.16%
2 Citi 152,676.64 610 7.92%
3 Bank of America Merrill Lynch 124,631.28 499 6.47%
4 Barclays 122,825.35 473 6.37%
5 HSBC 99,755.18 499 5.18%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 12,891.73 34 6.67%
2 BNP Paribas 12,285.93 60 6.36%
3 UniCredit 11,196.47 58 5.79%
4 Citi 9,580.75 37 4.96%
5 Deutsche Bank 8,945.44 35 4.63%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Morgan Stanley 5,248.63 23 10.64%
2 JPMorgan 4,558.16 26 9.24%
3 Goldman Sachs 4,254.47 19 8.62%
4 Citi 3,649.88 23 7.40%
5 UBS 3,602.23 16 7.30%