Parallel Market

Parallel Market

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 advice 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 advice 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.