Due to its vast understanding of regional stock exchange rules and requirements, AlShall’s team has the ability to handle the details of listing shares in a cost effective and timely manner. Entrusting AlShall with the planning and implementation of listing a company’s shares on a stock exchange will make a difference:

  • Carrying out the legal and financial engineering involved in IPO’s

  • Underwriting the issue and handling the “road show”

  • Undertaking the stock exchange listing requirements and execution

  • Market making after listing.

 

Project Example – Feasibility Study, Strategic Planning, Establishing Companies and Private Equity Placement

Assignment

Establishing an Islamic Bank – Cham Bank, Damascus, Syria.

Client Name

Promoters of Cham Bank.

Client’s Activities

Islamic commercial, investment and retail operations.

Project Size

USD 105,000,000 (KD 30,000,000).

Assignment Date & Duration

2005, 20 months.

Main Area of Focus

AlShall worked with promoters to envision the concept and take it from idea to reality by introducing the Islamic banking concept to the regulatory authorities in Syria, undertaking the feasibility, preparing the entry strategy, identifying risks, securing the required licenses, setting the legal and financial structure of the new entity, and placing the entire required equity capital through a private placement.

Services Provided

AlShall conducted a comprehensive feasibility study including all sub-components such as market research, industry trends, supply and demand quantification, competitors, customers, legal framework, identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and associated risks. As part of the feasibility, AlShall developed the bank’s entry strategy to the Syrian market in terms of size of capital to be deployed, customer segments to be targeted, value proposition and operating model. Finally, AlShall raised the required equity capital through a private placement. Two third of the new bank’s capital was allocated to strategic investors and non-strategic investors while the remaining third was allocated to Syrian small investors via an oversubscribed public placement.

Outcome

The capital issue was successfully closed and the bank became operational.