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ATM & BranchesHSBC sole financial advisor to NBK Capital for the sale of its stake in Hanco
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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.
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Saudi Awwal Bank, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, with paid in capital of SAR 20,547,945,220, commercial registration certificate 1010025779, unified number 7000018668, Mailing Address: P.O. Box 9084, Riyadh 11413. National Address: 7383 King Fahad Branch Rd, 2338 Al Yasmeen Dist., 13325 Riyadh, Kingdom of Saudi Arabia, Tel. +966 11 4050677, www.sab.com, licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank.