Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 23-08-2012 | Practice Area: | Equity Capital Markets |
| Deal Title: | Zain KSA Rights Issue | Industry: | Mobile Telecommunications |
| Description: |
Zain KSA has just completed a SAR 6 billion (USD1.6 billion) rights issue as part of a broader capital restructuring which firstly involved the company reducing its share capital by SAR 9.2 billion (USD 2.5 billion) before immediately increasing it by SAR 6 billion (USD1.6 billion). This was the first time that a Saudi listed company has reduced, then immediately increased, its share capital and the transaction represents the largest rights issue in the GCC in 2012. The Clifford Chance team was led by partner Mike Taylor, who was assisted by senior associate Nick Boyd and associate Mark Dickinson. The Al-Jadaan & Partners team was led by partner Khalid Al-Abdulkareem, who was assisted by Clifford Chance partner Omar Rashid (who is currently on secondment to Al-Jadaan) and associate Ahmed Al Rowaili.
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| Financial Center: | Dubai | Value: | 0.00-100.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction-- | Saudi Arabia | Listing Jurisdiction-- | Saudi Arabia |
| Classification: |
Rights Issues |
Lawyer | Mike Taylor |
