Your browser is out of date

The browser you are using is outdated and may not display all the features of this website correctly. For the best online experience on sabb.com and improved safety features, we recommend that you update to the latest version of the browser.

Update your browser Skip and continue

HSBC sole financial advisor to NBK Capital for the sale of its stake in Hanco

January 2012

HSBC acted as the sole financial advisor to NBK Capital Private Equity Fund Company B.S.C. in relation to the sale of its 40% stake in ِAl-Tala’a International Transportation Co. Ltd. (Hanco), a Saudi fleet leasing and rental operator.Established in 1976, Hanco is one of the largest fleet leasing and rental companies in Saudi Arabia. The company operates one of the largest car fleets in the Kingdom, with a network of rental outlets and workshop facilities located across the country.The transaction valued Hanco at $140 million, and is one of the first cross-border transactions in Saudi Arabia for this year.

Valery Talma, the Head of HSBC Saudi Arabia Investment Banking Advisory, stated: "We are delighted to be the sole advisers of NBK Capital in this important transaction, which demonstrates our capabilities to execute cross-border transactions in Saudi and the MENA region, based on a strong local expertise combined with the global HSBC platform".The transaction reinforces HSBC's leading investment banking position in Saudi Arabia.