Al-Motaqadimah Schools Company Initial Public Offering GIB Capital and Adeem Capital acting as Joint Financial Advisors

Al-Motaqadimah Schools Company (“MSC”) has appointed GIB Capital and Adeem Capital as Joint Financial Advisors for its planned Initial Public Offering (“IPO”) on the Saudi Stock Exchange (“Tadawul”).

MSC owns 21 schools in the Kingdom of Saudi Arabia and provides educational facilities and services for more than 25,000 students with approximately 5,000 employees.

Dr. Abdulrahman Al-Haqbani, the Chairman of MSC’s Board of Directors, said: “We are looking forward to achieving MSC’s vision by developing the learning and educational environment, creating the highest quality school culture for students. This offering will create opportunities and allow us to expand our business and improve our brand”.

Mr. Osamah Shaker, GIB Capital’s Chief Executive Officer and Board member said: "We look forward to assisting MSC, one of the largest private operators of the schooling system in the Kingdom, with their Tadawul listing. This IPO will enhance investment in the educational sector in Saudi Arabia and we are extremely proud to be part of it. We look forward to continuing to play a leading role in Saudi capital markets.”

Mr. Salman Alasmari, Adeem Capital’s Managing Director and Chief Executive Officer said: "We are very excited to have been appointed on this landmark IPO for MSC in the largest regional stock market. MSC is a leading company committed to its community and we look forward to playing our role for a successful listing on Tadawul.”

GIB Capital, established in April 2008 in Saudi Arabia, is a wholly-owned subsidiary of Gulf International Bank (GIB). With more than two decades of investment banking presence in the region, GIB, now through GIB Capital, continues to offer a comprehensive range of investment banking products and services which are designed to provide innovative and customized financial and investment solutions for clients. GIB Capital provides a full spectrum of investment banking services to help corporates, family businesses, entrepreneurs, governments and quasi-government entities obtain financing solutions.

Adeem Capital started its activities in January 2010. Adeem Capital is engaged in investment fund management, portfolio management, arranging and advisory services, products and solutions based on Islamic Sharia.