Mid - Senior Associate - Equity Capital Markets

About the role

As a mid-senior 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 day‑to‑day 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 cross‑practice teams, including Corporate/M&A, Banking & Finance and regulatory specialists, to deliver integrated advice on large‑scale, 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 Chance's 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 Al‑Hagbani 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 Riyadh-the largest on-the-ground ECM team in the Kingdom-meaning you will have significant support. More broadly, the Firm's Corporate and Capital Markets practice in Saudi Arabia The team is consistently recognised for advising on landmark and market‑defining 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 multi‑jurisdictional and involve close collaboration with colleagues across the Clifford Chance global network, particularly in London, the US, Europe and Asia.

Responsibilities

• 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 dual‑listing 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)

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