Author

Karim Nassar

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Legal Advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London have advised Saudi shopping mall giant Arabian Centres Company on its $748 million IPO, with an implied market capitalization of $3.3 billion, making it the Kingdom of Saudi Arabia’s largest IPO in four years. The deal, which was announced in April, closed on 20 May 2019.

Global M&A deal values soared in 2018, rising by 19% to US$4 trillion compared to 2017 values, although deal volumes dropped by 8% versus the previous year. Middle East market activity also remained robust, with a 50% increase in deal value for full year 2018, according to the latest report by global law firm Baker McKenzie*.