Kirkland & Ellis International Law Firm LLPC's growing capital markets offering in Saudi Arabia is led by Manal Al-Musharaf. The group's workload includes assisting international and domestic clients with high-value IPOs and CMA regulatory issues.

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance is well-placed to handle ECM and DCM matters, often acting for financial advisors, underwriters, and issuers in high-value IPOs on the main exchange, as well as transfers from the parallel market and private placements. The team is equally strong in advising on Shari’ah compliant bonds and capital certificate issuance programmes, as well as share acquisitions. Practice co-head Mansoor Alhagbani focuses on complex ECM matters, while practice co-head Yasser Al-Hussain brings expertise in DCM work. Majid Al-Sheikh and Omar Rashid are ECM experts, and DCM cases are prominent in Ahmed Choudhry‘s and Ibrahim Al-Mansour‘s workloads.

Baker McKenzie Law Firm has ‘deep capital markets knowledge‘. The group is very experienced in handling prominent IPOs, sukuks and international bond issuances, and is often instructed by clients in the real estate and banking sectors. The firm is highly regarded for its strength in debt capital markets matters. Nadine Nassar and Karim Nassar lead on ECM matters, while Khalid Alyafi is sought after for his expertise in DCM cases.

Khoshaim & Associates has an ‘exceptionally responsive and highly professional‘ capital markets practice with a broad base of expertise. On the equity side, the practice has advised companies and financial underwriters on IPOs and has assisted investments into companies undergoing public offerings. DCM matters for the practice span bond and certificate issuances as well as share cancellation and capital restructuring programmes. Providing corporate and capital markets regulatory counsel on restructurings of listed companies and public M&A is another area of focus for the practice. Managing partner Zeyad Khoshaim is experienced in IPOs and rights offering alike, and Ghaida Meaigel acts on pre-IPO investments, public mergers, and share swaps.

Latham & Watkins LLC‘s capital markets team is distinguished by its strength in advising domestic Saudi companies on rights issuances and initial public offerings. The group is also well-known for representing high-profile clients in debt matters, often involving trust certificates. Practice head Salman Al-Sudairi has an excellent reputation for handling high-value ECM and DCM matters, and he is ably supported by Basil Al-Jafari, Hatem Abdulghaffar, and Nora Alouda. Najla Al-Gadi left the firm in July 2025.

Linklaters' 'dedicated and knowledgeable' capital markets team is very experienced in handling equity and debt offerings. DCM work forms a core pillar of the practice, with the group acting for global and domestic banks in sukuks and green bond issuances, to name a couple of areas. On the ECM side, the department is instructed by issuers and financial underwriters on IPOs in multiple industries. Amro Bakhaidar is the key name to note in Riyadh, and routinely assists international and government entities, while Jonathan Fried and Dalia Nammari are the names to note in Dubai.

Saudi banking institutions and funds instruct the team at Gibson Dunn on proposed IPOs, with the group also advising on major listings for companies in the technology and industrial manufacturing sectors. Ibrahim Soumrany heads up the practice and has experience in acting for large corporations and the Saudi Government on large initial and secondary public offerings. Gaith Aljundi and Omar Morsy are practitioners to note. The practice was bolstered by the arrival of Najla Al-Gadi in September 2025.

King & Spalding advises on traditional equity offerings, as well as capital market transactions and regulatory matters. The team has been kept busy handling debt and equity work relating to the restructuring of perpetual sukuks and stake acquisitions in joint ventures. Practice head Nabil Issa divides his time between Saudi Arabia and the UAE, while Sayf Shuqair advises on the establishment of fundraising vehicles and real estate funds.

Norton Rose Fulbright's team is very experienced in handling equity and debt capital markets transactions for public companies. Additionally, the group has been kept busy handling IPOs, CMA regulatory matters and sukuk issuances, as well as securitisation work. Dubai-based Hamed Afzal heads up the practice.

SuhailPartners LLP has an excellent reputation for assisting clients with Nomu capital markets matters. The team is adept at advising small- and medium-sized enterprises on complex IPOs, however the group boasts equal strength in main market mandates, often acting for companies in the energy, healthcare and real estate sectors in rights issues and IPOs. Practice head Fahad AlDehais AlMalki is sought after for his expertise in handling regulatory and governance issues.

Hourani & Partners is perhaps best known for assisting international companies in the insurance sector with a wide range of capital markets matters, including rights issues and regulatory compliance cases. Anas Akel is the key contact in the firm's Riyadh office; he co-heads the practice with Dubai-based Hayel Hourani.

At Law Firm of Hassan Mahassni, the team routinely advises clients on Saudi capital markets regulations. The group is sought after for its expertise in assisting with matters involving the CMA, as well as representing foreign investors in work concerning the establishment of investment funds. Practice head Faisal Linjawy is 'a highly skilled lawyer with deep expertise in capital markets work', and Husam El-Khatib is a name to note for cross-border instructions.