Robert Vydra, Partner and Head of Equity Capital Markets at STAT, led the firm’s legal team advising Al Taiseer Group TALCO Industrial Company on its SAR 516 million initial public offering on the Main Market of Saudi Exchange. STAT acted as legal adviser to the issuer. The company’s shares commenced trading on 13 June 2024.

The offering comprised 12 million existing shares at SAR 43 per share, representing 30 per cent. of the company’s share capital.

Al Taiseer Group TALCO Industrial Company operates in aluminum production and finishing.

Its business serves customers whose demand is linked to construction and other industrial applications.

Saudi IPO experience in aluminum and industrial manufacturing

In addition to his work on TALCO’s IPO, Robert Vydra advised Samba Capital, as financial adviser, lead manager and lead underwriter, on Electrical Industries Company’s SAR 729 million IPO, and Samba Capital & Investment Management Company, ANB Invest and HSBC on Astra Industrial Group’s approximately SAR 934 million IPO before co-founding STAT.

His industrial capital-markets experience also includes advising the lead managers on National Industrialization Company (TASNEE)’s SAR 2 billion rights issue.

These mandates complement his earlier issuer-side IPO work for Arabian Drilling Company and Alkhorayef Water & Power Technologies Company.

A manufacturing prospectus needs to explain more than capacity.

Product mix, production processes, procurement, customer relationships and the role of different facilities all matter. Legal due diligence and disclosure should connect those commercial facts with operating permissions, property arrangements and material supply and customer contracts.

About the lead partner

Robert Vydra is Partner and Head of Equity Capital Markets at STAT in Riyadh. He has advised on Saudi capital markets since 2007, with a practice covering issuer-side IPOs, prospectus disclosure, transaction structuring and continuing obligations.

Preparing a manufacturing company for a Saudi IPO?

For advice on IPO readiness, production and supply-chain disclosure, or legal due diligence for an industrial issuer, contact Robert Vydra.
rvydra@statlawksa.com | +966 55 001 5326