Latham & Watkins Advises on Miahona’s Initial Public Offering

Latham & Watkins has advised Miahona Company Limited (Miahona) on the successful completion of its initial public offering (IPO) on the Main Market of the Saudi Exchange. The IPO of Miahona consists of an offer of 48,277,663 ordinary shares, representing 30% of Miahona’s issued share capital of 160,925,543 shares. The Final Offer Price for the IPO was set at SAR11.5 per share, implying a market capitalization for Miahona of SAR1.85 billion (US$493 million) at listing.

Miahona is one of the first developers of water and wastewater infrastructure under the public-private partnership model in the Kingdom of Saudi Arabia, and is a leader in water cycle management (operating across the circular water economy) serving municipal and industrial customers.

The Latham team was led by Riyadh partner Salman Al-Sudairi, with associates Najla Al-Gadi, Aya AlHumaid, and Elaf Al-Wohaibi.