Dentons, S&A Law and Oman Arab Bank advise Al Maha Ceramics

22/09/2014 16:38 AST

Dentons, S&A Law Firm (as Legal Advisors) and Oman Arab Bank (OAB) as (Financial Advisor and Issue Manager), have together advised Al Maha Ceramics on its OMR 8 million (approximately $20 million) IPO of shares to be listed and traded on the Muscat Securities Market. The offer opened for subscription on 16 September 2014.

Al Maha Ceramics is a large tile manufacturer in Oman and the GCC region. The company's distribution network is spread wide across the UAE, Saudi Arabia, Qatar, Bahrain, Syria, Lebanon, Jordan, Africa and South Asia.

Paul Sheridan, partner in Dentons' Corporate practice, said: "This IPO represents a significant development for Al Maha Ceramics, one that will help catapult it to the forefront of the ceramic tile market. We are delighted to have been involved."

Mr. Lo’ai Bataineh, GM & Head of Investment Banking Group, OAB said “We are pleased to lead manage this IPO from a leading company in the Omani manufacturing sector and expect it to set the trend for others to follow.”

The legal team was led by Dentons' Paul Sheridan and S&A Law Firm's Abdelrahman El Nafie and included Managing Associate, Dali Habboub, Associate, Ahmed Choudhry and Lawyer, Sumaiya Al Yarubi.


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