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

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.