Ithraa Capital is an Investment Bank specialized in Financial Advisory, Asset Management and Investment Banking activities. Ithraa is a closely held Joint Stock Company incorporated under the laws of Saudi Arabia. Its registered office is in Riyadh and has an Authorized Capital SR 400 million.
Atheeb Group established Ithraa along with other strategic partners including Ithmaar Bank B.S.C., Kuwait Investment Company and Al Nahla Group; all of them being very reputable institutions within the GCC region having diversified exposure in different sectors. Ithraa’s founders bring their combined strength and expertise to our Institution. Their visionary guidance is an invaluable contribution to the solid foundation and growth of the Company.
Ithraa is poised to offer an extensive range of financial services including Corporate Finance, Managing the public funds, Private Equity, Arranging Debt and Equity Financings, Mergers and Acquisition, IPO and Business Valuation.
The parallel market (the new secondary market) in Saudi Arabia will help smaller and growing companies to raise capital they need for business expansion. The parallel market listing rules allow qualified investors (including Saudi Investment Funds, Qualified Foreign Investors and GCC incorporated companies and funds), to invest in joint stock company issuers that list on the Kingdom’s parallel market. Ithraa acted as joint financial advisor to the SAR 900 million IPO of Northern Region Cement Company. The success of this IPO has placed Ithraa among few independent investment banks that have successfully executed such IPOs. Over the years, Ithraa has developed a reputation to advise on complex transactions that involved balance sheet restructuring, strategic advisory, arranging financing etc. The parallel market requires expertise in dealing with the companies in this segment and Ithraa is one of the few investment banks that has unparalleled experience in dealing with a wide range of investment and advisory businesses. Ithraa has expertise to support and advise medium and small -sized, growth-oriented Saudi companies with aspirations to list in the Saudi parallel market.
Ithraa has a highly qualified team which offers dedicated service. Corporate Finance team comprises a team of experienced professionals with diverse academic backgrounds and quality work experience in investment banks in the Kingdom as well as across the region. The team members have substantial deal experience and significant client exposure in providing comprehensive range of financial advisory services to clients including, IPO / Equity Offering (the primary and the parallel market), M&A, financial restructuring, and debt offerings. Ithraa provides clients with value added services with the best interest of the client at the core of our approach and has the ability to mobilize as many resources as are required at short notices due to its flexible structure.