Mid–Senior Associate – Equity Capital Markets

The role

As a midsenior associate you will play a key role in the execution and management of complex ECM transactions in Saudi Arabia and the wider region.

Your responsibilities will include:

• Leading daytoday execution of ECM transactions including Saudi IPOs and secondary offerings
• Advising clients on Saudi capital markets regulation CMA requirements and Tadawul listing rules (including ongoing obligations) alongside cross-border considerations
• Drafting reviewing and sometimes translating prospectuses offering documents and submission documents
• Drafting reviewing and negotiating transaction agreements
• Managing transaction timetables and coordinating with regulators banks auditors and international counsel
• Supervising and mentoring junior associates and trainees
• Working closely with partners to deliver commercially focused pragmatic advice
• Contributing to business development initiatives and strengthening client relationships
• Staying abreast of regulatory developments in the Saudi capital markets and broader regional trends
• You will work as part of crosspractice teams including Corporate/M&A Banking & Finance and regulatory specialists to deliver integrated advice on largescale strategic transactions.
   

Key Attractions

• We are committed to working with clients as integrated team members - which means that from day one our lawyers have hands-on client contact.
• We are proud of our reputation for being a friendly supportive meritocratic and diverse group and reinforce this with regular social events - both ad hoc and organized.
• We run a sophisticated global training programme including local monthly courses run by The Academy.
• Our remuneration package is one of the most attractive in the market.
• You will be given early responsibility and the opportunity to work on some of the most high profile ECM transactions in the Kingdom. Partners are closely involved in training and development and associates are encouraged to take ownership of matters as they progress.

You will benefit from:

• Market leading internal training through The Academy and global Clifford Chance programmes
• Exposure to Saudi first regional and international ECM transactions
• A supportive meritocratic and team oriented culture
• Clear and structured career development support including a dedicated Career Development Partner
   

Who you will work with

Our ECM lawyers advise Saudi and international issuers government-related entities financial institutions and underwriters on complex domestic regional and international equity offerings. We combine deep local market knowledge with Clifford Chances global capital markets expertise including seamless integration with our US securities international ECM and sector teams.

The AS&H CC Corporate and Equity Capital Markets team is co-led by Mansoor AlHagbani and Majid Alshiekh. You will be heavily involved with Mansoor as well as Rakan Kawar on most transactions alongside a large team of over 15 ECM lawyers based in Riyadhthe largest on-the-ground ECM team in the Kingdommeaning you will have significant support. More broadly the Firms Corporate and Capital Markets practice in Saudi Arabia

The team is consistently recognised for advising on landmark and marketdefining ECM transactions in the Kingdom acting for issuers shareholders and financial institutions on some of the most significant offerings on the Saudi Exchange (Tadawul). Matters are frequently multijurisdictional and involve close collaboration with colleagues across the Clifford Chance global network particularly in London the US Europe and Asia.
 

What you will work on

AS&H Clifford Chances Equity Capital Markets practice in Saudi Arabia is at the forefront of the Kingdoms rapidly developing capital markets landscape. The team advises on many of the most significant and innovative ECM transactions in the region supporting the continued growth and internationalisation of the Saudi capital markets in line with Vision 2030.

Our Saudi ECM work spans the full range of equity products including:

• IPOs and listings on the Saudi Exchange (Tadawul) focused on the Main Market
• Secondary offerings rights issues and accelerated transactions
• Block trades and sell-downs by governmental sovereign and strategic shareholders
• ECM-related M&A and restructuring transactions including equity-linked acquisitions
• Dual-track and duallisting transactions
• Cross-border offerings incorporating Rule 144A / Regulation S structures
• ECM transactions involving regulated sectors aligned with Vision 2030 priorities
• Other first-of-its-kind transactions in the Saudi market

Recent highlights include:

IPO & Equity Offerings

• ACWA Power on its landmark US$ 1.9 billion rights issue
• Americana Restaurants on its landmark concurrent initial public offering and dual listing of shares on the Abu Dhabi Securities Exchange (ADX) and the Saudi Exchange (Tadawul) the first dual listing in the region (IFLR Middle East Equity Deal of the Year for 2023).
• The Public Investment Fund as the selling shareholder in Saudi Tadawul Group Companys private placement and IPO readiness
• Derayah Financial Company IPO Advised as issuers counsel on the SAR 1.5 billion (US$400 million) IPO and listing on Tadawul marking the first capital markets institution to list on the Saudi main market (TASI). The offering achieved c.177x oversubscription with institutional investors accounting for over 90% of demand.
• Almasar Alshamil Education Company IPO Acted as issuers counsel on a SAR 599 million (US$160 million) IPO and Tadawul listing with an implied market capitalisation of approximately SAR 2 billion. The transaction attracted strong institutional participation and c.102.9x oversubscription.
• Riyadh Development Company (ARDCO) Capital Increase & ShareforAsset Transaction Advised on a landmark capital increase involving the issuance of new shares in exchange for real estate assets representing one of the first transactions of its kind executed on the Saudi Exchange.

• ADES Holding Company IPO (US$1.2 billion) issuers counsel on one of the largest MENA IPOs in recent years
• MBC Group IPO (SAR 831 million) issuerside advisory on a highprofile Saudi listing
• Nice One Beauty Digital Marketing Company IPO (SAR 1.2 billion) advising financial advisors and underwriters
• Jahez International Company advising HSBC Saudi Arabia on the companys transfer from Nomu to the Main Market (TASI)

The Riyadh capital markets team is a core part of AS&H Clifford Chances marketleading Saudi practice and operates as part of a fully integrated regional and global platform.
 

Qualifications :

Skills & experience

• We are looking for outstanding midsenior level equity capital markets lawyers who demonstrate both technical excellence and strong commercial judgement
• Strong experience advising on ECM transactions ideally including IPOs and secondary offerings
• Experience of or genuine interest in the Saudi capital markets and the wider Middle East
• Ability to work with various teams comprising different seniority levels
• Prior experience at a toptier international law firm is preferred
• Exposure to Saudi law aspects of ECM transactions or regulated markets is highly advantageous
• Excellent drafting analytical and communication skills
• Proven ability to manage transactions and take ownership of workstreams
• Confidence working directly with clients regulators and senior stakeholders
• Delivering innovative solutions for client and internal challenges 
   

Additional Information :

Equal opportunities

At Clifford Chance we understand that our true asset is our people. Inclusion is good for our team and their families our firm and society. 

We have a variety of flourishing employee networks. These networks are a place for colleagues to share experiences and advocate for change wherever they see an opportunity for improvement.

Our goal is to deliver an equality of opportunity an equality of aspiration and an equality of experience to everyone who works in our firm.

Find out more about our inclusive culture here
 

Remote Work :

No

Employment Type :

Full-time