Raising capital through IPO
Funded with a mandate to build communities that build Bahrain, through a focus on affordable housing
Headquartered in the Kingdom of Bahrain and capitalised at US$ 286 million, the Company was established by prominent private and public sector investors to act as a pioneering catalyst for addressing the region’s affordable housing development needs.
Key shareholders of Naseej include several of our clients - namely; Ithmaar Bank, Ithmaar Development Company, BBK, Gulf Finance House, Khaleeji Commercial Bank, Ibdar Bank, Palm Capital and Eskan Bank.
We were commissioned to create the legal typesetting and production of the required IPO documents in dual language, comprising a Memorandum, Subscription Agreement forms, Offer summary documents and a marketing campaign that ran across press and outdoor. The IPO was oversubscribed and highly successful, launching at a time of global financial upheaval.
Client: Naseej
Discipline: Investments, IPO & Legal
Sector: Financial Services
