Announcements

Merchants Capital announces the appointment of Mr. Adel Alsubeaei as a Board Director. Adel, investor and entrepreneur, brings more than three decades of experience across banking, financial technology, investment, and real estate in Saudi Arabia, with a strong expertise in wealth management, private banking, and strategic leadership. Adel currently serves as CEO of Ibrahim Mohammed

Merchants Capital, in its capacity as Lead Financial Advisor and Co-Lead Arranger, and impact46, in its capacity as Lead Arranger and Co-Financial Advisor, announce the completion of the first issuance of Bidaya Finance Sukuk with an aggregate value of SAR 200,000,000, carrying a fixed annual profit rate of 7.1% with quarterly distributions, and a maturity

Merchants Capital, in its capacity as Lead Financial Advisor and Co-Lead Arranger, and impact46, in its capacity as Lead Arranger and Co-Financial Advisor, announce the commencement of the offering and subscription period for the sukuk of Bidaya Finance Company to both individual and institutional investors. Issuance Details Issuer Bidaya Finance Company Sukuk programme size SAR

Merchants Capital, in its capacity as Lead Financial Advisor and Co-Lead Arranger, and impact46, in its capacity as Lead Arranger and Co-Financial Advisor, announce Bidaya Finance Company’s intention to launch a public offering of its sukuk on the Sukuk and Bonds Market of Tadawul. Issuance Details Issuer Bidaya Finance Company Sukuk programme size SAR 1,000,000,000

Merchants Capital has completed a private placement for Al Hokail Medical Group with the investment arm of a prominent family office. Merchants Capital acted as Sole Financial Advisor and Arranger and supported the process through to closing. New capital for a healthcare platform The transaction is an important milestone for the Group. It also shows

The Capital Market Authority (“CMA”) Board has approved the application of Bidaya Finance Company (the “Company”) on 07/04/1447H (corresponding to 29/09/2025G) for the registration and public offering of debt instruments within a programme of one billion Saudi Riyals (SAR 1,000,000,000). Merchants Capital is the Lead Financial Advisor and Co-Lead Arranger, and impact46 is the Lead

Merchants Capital, in its capacity as the Financial Advisor for the offering of Hamad Mohammed Bin Saedan Real Estate Company (“Hamad Bin Saedan Real Estate” or the “Company”), announces the completion of the offering of four million two hundred thirty-five thousand two hundred ninety-four (4,235,294) new ordinary shares (the “Offered Shares”) representing 17.64% of the

Merchants Capital, the financial advisor for offering shares of Hamad Mohammed Bin Saedan Real Estate Company (the “Issuer” or the “Company”), announces that the IPO share price is set at SAR 13.50. Offering Details Issuer Hamad Mohammed Bin Saedan Real Estate Company Offer price SAR 13.50 per share Shares offered 4,235,294 shares Percentage of capital

Merchants Capital, in its capacity as the financial advisor for the offering of Hamad Mohammed Bin Saedan Real Estate Company (the “Company”), announces the Company’s intention to offer four million two hundred thirty-five thousand two hundred ninety-four (4,235,294) new ordinary shares to qualified investors on the Parallel Market (“Nomu”). These shares represent 15.00% of the

Darb Altujjar Financial Company (“Merchants Capital”), in its capacity as the Financial Advisor for the offering of ANMAT Technology for Trading Company (“ANMAT” or the “Company”), announces the completion of the offering of five million (5,000,000) new ordinary shares (the “Offered Shares”) representing 13.16% of the Company’s pre-offering capital and 11.63% of the Company’s post-offering

Merchants Capital has completed a corporate M&A restructuring for Alraddadi Group, acting as Sole Financial Advisor. The transaction merged sister companies whose activities align with the company’s core business line, including Silika Mining and Transportation Company. Bringing these businesses together positions the company as a leading industrial and mining company. Alongside the merger, the company

Darb Altujjar Financial Company (“Merchants Capital”), the financial advisor for offering shares of ANMAT Tech for Trading Co. (the “Issuer” or the “Company”), announces that the IPO share price is set at SAR 9.50. Offering Details Issuer ANMAT Tech for Trading Co. Offer price SAR 9.50 per share Shares offered 5,000,000 shares Percentage of capital

Darb Altujjar Financial Company (“Merchants Capital”), the financial advisor for offering shares of ANMAT Tech for Trading Co. (the “Issuer” or the “Company”), announces the Issuer’s intention to launch a primary share offering of five million (5,000,000) newly issued ordinary shares, representing 13.16% of the Issuer’s shares before the offering and capital increase, and 11.63%

The Capital Market Authority (“CMA”) Board has approved the application of Hamad Mohammed Bin Saedan Real Estate Company (the “Company”) on 20/09/1446H (corresponding to 20/03/2025G) for the registration and offering of four million two hundred thirty-five thousand two hundred ninety-four (4,235,294) shares, representing 15% of the Company’s capital, on the Parallel Market (Nomu). Merchants Capital

The Capital Market Authority (“CMA”) Board has approved the application of ANMAT Company (the “Company”) on 15/06/1446H (corresponding to 16/12/2024G) for the registration and offering of five million (5,000,000) shares, representing 11.63% of the Company’s capital, on the Parallel Market (Nomu). Merchants Capital is the financial advisor for the offering. Approval Details Issuer ANMAT Tech

Merchants Capital announces the appointment of Saud Alquaifil to its Board of Directors. Saud is a prominent Saudi real estate leader, recognized for advising government entities, developers and institutional investors on large-scale development strategies, transformational programs and complex mandates delivered in line with international best practice. He brings particular depth in two areas. In real

Merchants Capital has led a corporate M&A restructuring for Almunif Pipes: the spin-off of its sister company, Almunif Pipes Egypt, from the holding company and its merger under Almunif Pipes Saudi. Merchants Capital acted as Sole Financial Advisor. The two companies share common business lines. Bringing them together under Almunif Pipes Saudi creates one regional

The Capital Market Authority (CMA) has announced that Burrak Alkhail Financial Company has changed its name to Darb Altujjar Financial Company. The new name brings the company’s legal identity in line with the brand its clients know. “Darb Altujjar” translates as “the merchants’ path,” the idea at the heart of Merchants Capital. The change is

Merchants Capital announces the appointment of Raed Alammari to its Board of Directors. Raed brings expertise in two areas central to Merchants Capital’s growth. In asset management, he led business development for the asset management arm of Jadwa Investment, served on its investment advisory team and sat on the boards of a number of Jadwa’s

Merchants Capital announces the appointment of Alaa Alamoudi to its Board of Directors. Alaa brings two strengths that sit at the core of Merchants Capital’s work. In structured finance, he led the structuring division of Deutsche Bank in Saudi Arabia as Country Head and managed the structured products desk at Banque Saudi Fransi, following treasury

Merchants Capital announces that it has commenced operations pursuant to the commencement letter dated 19 May 2019 received from the Capital Market Authority (CMA). The commencement letter completes the licensing process that began with the CMA’s approval in December 2018. Merchants Capital has now commenced business, offering arranging and advising services to companies across the

The Board of the Capital Market Authority (CMA) has issued its resolution authorizing Merchants Capital to conduct arranging and advising activities. The license marks the start of the Merchants Capital journey as a CMA-authorized capital market institution. With arranging and advising at the core of its license, the firm is set up to help Saudi