GIB Capital LLC

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Debt Capital Markets

Domestic GCC Issues

OUR VALUE PROPOSITION

GIB Capital work closely with clients and their advisors to assist in the process of issuing a bond or sukuk, from the selection of the type and structure of the transaction, documentation, structuring and Shariah advisory to price guidance, syndication, placement and closing. Debt Issuance services include:

  • Assistance in hiring the required advisors: lawyers, auditors, Sharia advisors, rating agencies
  • Creating the structure of the bond and advising on its features, and providing advice on tenor and pricing
  • Liaising with Sharia advisors (if applicable) to find the best structure for the sukuk
  • Liaising with rating agencies to aid in presenting company information and obtaining a rating
  • Reviewing the transaction documentation
  • Assistance in obtaining necessary regulatory approvals
  • Preparing the roadshow presentation, arranging the roadshows including setting up online net roadshow, and arranging one-on-one and group meetings
  • Managing the offering process and marketing the transaction to investors
  • Assisting in allocations, pricing, launch and closing, including liaising with the relevant registrar
  • Final settlement of the funds and receipt of funds by the issuer

As the lead manager and bookrunner, GIB Capital debt capital markets professionals, in consultation with the legal counsel, will acquire in-depth knowledge about the issuer in order to:

  • Review the preliminary offering circular to make sure it is legally sound and meets the regulatory requirements
  • Ensure appropriate due diligence due diligence is carried out
  • Ensure the investor presentation highlights the pertinent facts and features of the company
  • Provide legal and commercial opinion on the terms and conditions in the offering circular
  • Anticipate and respond to queries raised by regulators (e.g. Capital Market Authority in Saudi Arabia) and potential investors
  • Effectively engage investors and disseminate the issuer’s credit story

OUR CREDENTIALS

Over the past 7 years, GIB Capital (and GIB) has arranged, placed and financed over US$6.8 billion of locally syndicated debt capital markets issuances for major GCC borrowers. Clients include first and second tier companies across a range of industries. In 2010, GIB Capital was one of the Joint Lead Managers for the first callable bond in the region. Landmark debt transactions include:

  • Saudi Binladin Group (SBG) – SAR 1,000 million (July 2013)
  • Ajil Financial Services Company (Ajil) – SAR 500 million (April 2012)
  • Arab Petroleum Investments Corporation (APICORP) – SAR 2,000 million (October 2010)
  • Gulf International Bank (GIB) – SAR 3,500 million (April 2010)
  • Gulf International Bank (GIB) – SAR 2,000 million (November 2009)
  • Al Mana Group – AED 600 million (May 2008)
  • Saudi Basic Industries Corporation (SABIC) – SAR 8,000 million (August 2007)
  • Saudi Electricity Company– SAR 5,000 million (July 2007)
  • Saudi Basic Industries Corporation (SABIC) – SAR 3,000 million (July 2006)

GIB Capital LLC is a Saudi Limited Liability Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital LLC obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital LLC obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital LLC is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.