Leading international law firm Addleshaw Goddard has advised Emirates NBD Capital KSA on the successful launch of its new investment vehicle, the ENBDC Saudi Equity Freestyle Fund, following approval by the Kingdom’s Capital Market Authority (CMA).
The fund, designed as an open-ended structure, will invest in Shari’ah-compliant shares of companies listed on Saudi Arabia’s main exchange, Tadawul, as well as the parallel market, Nomu. This strategic initiative represents Emirates NBD Capital KSA’s continued commitment to expanding its footprint in the Kingdom’s flourishing equities market.
The Addleshaw Goddard team was led by Partners Jasem Alanizy and Amar Meher, with support from associates Abdullah Almudaifer and Majid Kyprianos.
Jasem Alanizy, Partner – Corporate Finance at Addleshaw Goddard commented, “We are proud to have supported Emirates NBD Capital KSA on this significant offering, which underscores their strategic focus on Saudi Arabia’s dynamic equity market. Our role in ensuring the offering documents were clearly drafted and in compliance with the relevant regulations facilitated a swift approval process with the CMA, which reflects our commitment to delivering robust and market-specific legal expertise in the Kingdom.”
Amar Meher, Partner – Finance at Addleshaw Goddard added, “This transaction is a testament to the growing opportunities within Saudi Arabia’s investment fund landscape. Helping our client bring this Shari’ah-compliant fund to market demonstrates our ability to successfully advise on innovative solutions in Saudi Arabia’s ever expanding financial market.”
With a focus on Shari’ah-compliant investments, the ENBDC Saudi Equity Freestyle Fund positions Emirates NBD Capital KSA to meet the growing demand for ethical investment options in the Kingdom while further strengthening its role as a key player in the local financial market.
Disclaimer: This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer or solicitation will be made only by means of a private placement memorandum or other offering documents and in accordance with applicable securities laws in Kingdom of Saudi Arabia