STAT advised the Tourism Development Fund and Riyad Bank on a Shariah-compliant financing agreement with Dana Bay Tourism Company for the development of a luxury mixed-use beach resort in Saudi Arabia’s Eastern Province.

STAT advised Bank AlJazira on its second issuance of up to SAR 1,000,000,000 Sukuk under its perpetual Additional Tier 1 Capital Sukuk Programme, offered by private placement in the Saudi market.

STAT advised Al Khair Capital Saudi Arabia Company on the SAR500,000,000 Sukuk Issuance Programme for Aqaseem Factory for Chemicals and Plastics, recently approved by the CMA as the second public Sukuk under the new regulations.

STAT advised The Saudi National Bank and the Saudi Banking Treasury Group, with oversight from the Saudi Central Bank (SAMA), on the development and implementation of Shariah compliant structuring solutions for IBOR migration in Saudi Arabia, including legal frameworks and contractual documentation to support the sector’s transition under regulatory reforms.

STAT advised Al Khair Capital Saudi Arabia Company as Sole Arranger, Dealer, and Financial Advisor on the establishment and CMA approval of a SAR 500,000,000 Sukuk Issuance Programme for Rawasi Al Bina Investment Company, one of the first public Sukuk programmes approved under the updated regulations.

Robert Vydra led STAT's issuer-side team on Tamkeen Human Resources' SAR 397.5 million Saudi IPO, covering human resources and staffing services.

Robert Vydra led STAT's issuer-side team on TALCO's SAR 516 million Saudi IPO, involving aluminum production and finishing operations.

Robert Vydra led STAT's issuer-side team on SMASCO's SAR 900 million Saudi IPO, spanning corporate and household workforce services.

STAT announces the promotion of partners and counsel and the recent hiring of senior attorneys in the Capital Markets and Banking and Finance teams.

Robert Vydra led STAT's issuer-side team on Armah Sports' Nomu IPO, recognised as IPO of the Year 2023 in the Parallel Market category.

Robert Vydra led STAT's issuer-side team on Lumi Rental's SAR 1.089 billion Saudi IPO and demerger from listed parent Seera Group.

Robert Vydra led STAT's issuer-side team on Morabaha Marina Financing's approximately SAR 312.9 million Saudi IPO, structured as a new-share offering.