The capital markets practice at Latham & Watkins LLC is well-regarded by peers for handling some of the most complex IPOs on the market. Notably, the firm advised SNB Capital, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia, and Citigroup as the underwriters of Luberef, the leading base oils producer in Saudi Arabia, for its IPO on the Saudi Exchange. The practice is headed by Salman Al-Sudairi, who leads the firm’s IPO matters while also advising on general capital markets transactions. Meanwhile, associate Najla Al-Gadi supports the practice on matters concerning IPOs and other securities offerings.
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Key clients
- SNB Capital Company
- Morgan Stanley
- Citigroup
- HSBC Saudi Arabia
- Alamar Foods
- Al-Saif Galleries for Development & Investment Company
- Riyad Capital
- Elm Company
- Al-Dawaa Medical Services Company
- Jahez International Co. for Information Systems Technology
- GIB Capital
- Goldman Sachs
- J.P. Morgan Saudi Arabia
- Rothschild & Co
- Saudi Fransi Capital
Work highlights
- Advised HSBC Saudi Arabia, Citigroup Saudi Arabia, Morgan Stanley Saudi Arabia and SNB Capital Company as the underwriters on the SAR4.95 billion IPO of the Saudi Aramco Base Oil Company – Luberef, a Saudi Aramco subsidiary and one of the largest base oil producers in the world.
- Advised Alamar Food Company on its SAR1.22 billion IPO on the main market of the Saudi Exchange, which involved the first full private equity exit by way of an IPO in the Kingdom by funds managed by the Carlyle Group.
- Advised Al-Saif Galleries for Development and Investment Company, operating in the home appliances and kitchenware retail sector in the Kingdom of Saudi Arabia, on its SAR1.2 billion IPO.
Lawyers
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
The lawyer(s) leading their teams.
Salman Al-Sudairi