Due to its vast understanding of regional stock exchange rules and requirements, AlShall’s team has the ability to handle the details of listing shares in a cost effective and timely manner. Entrusting AlShall with the planning and implementation of listing a company’s shares on a stock exchange will make a difference.
- Carrying out the legal and financial engineering involved in IPO’s.
- Underwriting the issue and handling the “road show”
- Undertaking the stock exchange listing requirements and execution.
- Market making after listing.
Share Flotation Experience List
|PROJECT NAME||COUNTRY||SECTOR||SERVICES PERFORMED||COMPLETION DATE|
|Valuation, pre-IPO placement and listing of a holding company||Kuwait||Services||Valuation of 5 subsidiaries and the parent company for pre-IPO placement, preparation of pre-IPO prospectus and KSE listing prospectus||2012|
|Investment company information memorandum presentation||Kuwait||Financial Services||Listing prospectus||2011|
|Valuation and placement of an investment company||Kuwait||Financial Services||Valuation for the purpose of selling a stake in order to be listed on the KSE. Preparation of private placement memorandum, preparation of the listing report.||2010|
|Listing of an investment company||Kuwait||Real Estate||Preparing information memorandum and listing||2009|
|Valuation and listing of a health care investment company||Kuwait||Health Care||Valuation for the purpose of listing on KSE||2008|
|Valuation of a petroleum services company||Kuwait||Oil & Gas||Valuation of a petroleum services company for pre-IPO capital increase||2008|
|Listing of a financial services company||Kuwait||Financial Services||Valuation, pre-placement and listing of financial services company on the Kuwait stock exchange||2005|
|Valuation, placement and listing of a trading company||Kuwait||Trading||Valuation and legal restructuring of the company, due diligence, pre-IPO private placement and listing on the Kuwait stock exchange||2005|
|Valuation and placement of a trading & contracting company||Kuwait||Contracting||Valuation of a contracting company for pre-IPO selling of stake||2005|
|Listing of a real estate company||Kuwait||Real Estate||Preparing placement memorandum for listing the company’s shares on KSE||2002|
Share Flotation Examples
Project Example – Feasibility Study, Strategic Planning, Establishing Companies and Private Equity Placement.
|Assignment||Establishing an Islamic Bank – Cham Bank, Damascus, Syria|
|Client Name||Promoters of Cham Bank|
|Client’s Activities||Islamic commercial, investment and retail operations|
|Project Size||USD 105,000,000 (KD 30,000,000)|
|Assignment Date & Duration||2005, 20 months.|
|Main Area of Focus||AlShall worked with promoters to envision the concept and take it from idea to reality by introducing the Islamic banking concept to the regulatory authorities in Syria, undertaking the feasibility, preparing the entry strategy, identifying risks, securing the required licenses, setting the legal and financial structure of the new entity, and placing the entire required equity capital through a private placement.|
|Services Provided||AlShall conducted a comprehensive feasibility study including all sub-components such as market research, industry trends, supply and demand quantification, competitors, customers, legal framework, identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and associated risks. As part of the feasibility, AlShall developed the bank’s entry strategy to the Syrian market in terms of size of capital to be deployed, customer segments to be targeted, value proposition and operating model. Finally, AlShall raised the required equity capital through a private placement. Two third of the new bank’s capital was allocated to strategic investors and non-strategic investors while the remaining third was allocated to Syrian small investors via an oversubscribed public placement.|
|Outcome||The capital issue was successfully closed and the bank became operational.|