Company Insights SNB Capital Banking & Finance SNB Capital Overview SNB Capital was founded in 2007 as the investment banking and asset management arm of the Saudi National Bank, headquartered in Riyadh. It offers shariah-compliant financial products and services. SNB Capital provides financial and consultancy solutions to institutional and retail investors, across sectors such as asset and wealth management, investment banking and securities. As of 2024 SNB Capital had more than SAR 260 billion of assets under management. It also provides advisory services on stock market listings. For example, in late 2024, Amanat Holdings, a Dubai-listed investment company, appointed SNB Capital to manage the proposed sale of a 30 percent stake in its education business through an IPO in Saudi Arabia. SNB Capital News Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025 Finance Emaar EC cuts accumulated losses by nearly 54% Emaar the Economic City (Emaar EC) has cut accumulated losses without disrupting business operations after shareholders approved a capital decrease. Abdulaziz Ibrahim Alnowaiser, CEO of the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, said: “The capital decrease is a critical enabler of our capital optimisation plan.” The approved capital cuts will reduce the company’s […] January 2, 2025 Retail Retail orders for IPO of Saudi’s Nice One hit $242m The retail tranche of Nice One Beauty Digital Marketing’s initial public offering on the Saudi stock exchange was 7.9 times oversubscribed, with the order book reaching SAR908 million ($242 million). SNB Capital Company, the lead manager for the IPO, said the two-day subscription included 3.47 million shares, representing 10 percent of the IPO, at SAR35 […] December 31, 2024 Education Mergers and acquisitions to fuel Saudi education growth Mergers and acquisitions will play a vital role in the future of Saudi Arabia’s lucrative education sector, which could offer returns in the region of high double-digits, according to an industry expert. There has been a flurry of M&A activity in education in recent weeks. Maarif, one of the largest education companies in the country, […] December 9, 2024 Education Amanat hires SNB Capital for education business IPO Amanat Holdings, a Dubai-listed investment company, has appointed SNB Capital to manage the proposed sale of a 30 percent stake in its education business through an initial public offering (IPO) in Saudi Arabia next year. The listing is anticipated in the first half of 2025, which will raise $300 million, Reuters reported, citing unnamed sources. […] November 28, 2024 People & Lifestyle Saudi beauty ecommerce site Nice One announces IPO Nice One Beauty Digital Marketing, the largest beauty and personal care ecommerce platform in Saudi Arabia, has announced plans to launch an initial public offering of 30 percent of its shares on the Saudi market. The announcement comes after approval from the Capital Market Authority to offer 34,650,000 ordinary shares. No further information on share […] November 25, 2024 Markets Saudi poultry producer gets nod to sell 30% stake in IPO Arabian Company for Agricultural and Industrial Investment (Entaj), a Riyadh-based poultry producer, has received the green light from the Saudi market regulator to list shares on the main market (Tasi). The company will float 9 million shares through an initial public offering (IPO), representing 30 percent of the total issued share capital. The prospectus detailing […] October 2, 2024 Analysis Markets Saudi Arabia leads in stock lending as short selling grows Saudi Arabia is the Middle East’s most active market for stock lending – an important part of the process of short selling – and demand from borrowers is likely to increase as more sophisticated investors start trading, new research suggests. In stock lending, an entity – usually a broker or financial institution – pays a […] September 25, 2024 Markets Emaar EC’s new strategy to steer financial recovery Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, has initiated a SAR8.7 billion ($2.3 billion) turnaround plan a month after its first-half 2024 losses showed an almost five-fold increase from 2023. A capital optimisation plan will allow the Saudi-listed company to restructure its SAR3.8 billion in bank facilities. […] September 9, 2024 Construction Sharjah confirms $693m water desalination project Saudi renewable major Acwa Power will build a new water desalination plant in Sharjah. The new independent water plant (IWP), which will be constructed at Hamriyah, Sharjah, will need an investment of SAR2.6 billion ($693 million). It will have a capacity of 410,000 cubic metres per day. The project scope includes development, design, financing, engineering, […] September 4, 2024 Posts navigation 1 2 3 Next
Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025
Finance Emaar EC cuts accumulated losses by nearly 54% Emaar the Economic City (Emaar EC) has cut accumulated losses without disrupting business operations after shareholders approved a capital decrease. Abdulaziz Ibrahim Alnowaiser, CEO of the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, said: “The capital decrease is a critical enabler of our capital optimisation plan.” The approved capital cuts will reduce the company’s […] January 2, 2025
Retail Retail orders for IPO of Saudi’s Nice One hit $242m The retail tranche of Nice One Beauty Digital Marketing’s initial public offering on the Saudi stock exchange was 7.9 times oversubscribed, with the order book reaching SAR908 million ($242 million). SNB Capital Company, the lead manager for the IPO, said the two-day subscription included 3.47 million shares, representing 10 percent of the IPO, at SAR35 […] December 31, 2024
Education Mergers and acquisitions to fuel Saudi education growth Mergers and acquisitions will play a vital role in the future of Saudi Arabia’s lucrative education sector, which could offer returns in the region of high double-digits, according to an industry expert. There has been a flurry of M&A activity in education in recent weeks. Maarif, one of the largest education companies in the country, […] December 9, 2024
Education Amanat hires SNB Capital for education business IPO Amanat Holdings, a Dubai-listed investment company, has appointed SNB Capital to manage the proposed sale of a 30 percent stake in its education business through an initial public offering (IPO) in Saudi Arabia next year. The listing is anticipated in the first half of 2025, which will raise $300 million, Reuters reported, citing unnamed sources. […] November 28, 2024
People & Lifestyle Saudi beauty ecommerce site Nice One announces IPO Nice One Beauty Digital Marketing, the largest beauty and personal care ecommerce platform in Saudi Arabia, has announced plans to launch an initial public offering of 30 percent of its shares on the Saudi market. The announcement comes after approval from the Capital Market Authority to offer 34,650,000 ordinary shares. No further information on share […] November 25, 2024
Markets Saudi poultry producer gets nod to sell 30% stake in IPO Arabian Company for Agricultural and Industrial Investment (Entaj), a Riyadh-based poultry producer, has received the green light from the Saudi market regulator to list shares on the main market (Tasi). The company will float 9 million shares through an initial public offering (IPO), representing 30 percent of the total issued share capital. The prospectus detailing […] October 2, 2024
Analysis Markets Saudi Arabia leads in stock lending as short selling grows Saudi Arabia is the Middle East’s most active market for stock lending – an important part of the process of short selling – and demand from borrowers is likely to increase as more sophisticated investors start trading, new research suggests. In stock lending, an entity – usually a broker or financial institution – pays a […] September 25, 2024
Markets Emaar EC’s new strategy to steer financial recovery Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, has initiated a SAR8.7 billion ($2.3 billion) turnaround plan a month after its first-half 2024 losses showed an almost five-fold increase from 2023. A capital optimisation plan will allow the Saudi-listed company to restructure its SAR3.8 billion in bank facilities. […] September 9, 2024
Construction Sharjah confirms $693m water desalination project Saudi renewable major Acwa Power will build a new water desalination plant in Sharjah. The new independent water plant (IWP), which will be constructed at Hamriyah, Sharjah, will need an investment of SAR2.6 billion ($693 million). It will have a capacity of 410,000 cubic metres per day. The project scope includes development, design, financing, engineering, […] September 4, 2024
