First Saudi Arabian Bookbuilt Follow-On ECM Transaction Successfully Completed by JP Morgan & Samba Using Dealogic DealManager Platform

23 April 2008

Dealogic, the leading supplier of relationship and transaction management software and information systems for the investment banking industry, is pleased to announce the successful use of its DealManager ECM solution by lead managers, JP Morgan and Samba, playing a critical role in raising $1.47bn for Mobily, the official brand name of Etihad Etisalat, the second-largest mobile service provider in the Kingdom of Saudi Arabia.

The deal, Saudi Arabia’s first ever bookbuilt follow-on ECM transaction, presented all parties with a number of challenges and it was important that the technology used to build and share the books within specific emerging market compliance requirements during the critical process.

Dealogic’s DealManager ECM solution has a proven track record, having been used globally by the vast majority of leading investment banks and playing a key role in emerging market transactions, such as the PetroChina deal in 2007, which resulted in PetroChina being the first company with a valuation of more than a trillion dollars.

Stephen Butcher, Managing Director at Dealogic commented “We’re very happy to be providing the key technology used for the first ever bookbuilt follow-on in Saudi Arabia. As market leaders in syndication solutions, we continually endeavor to provide the highest quality products and services and recognize the importance of new market opportunities for our clients.” Butcher goes on to say, “Dealogic is the only company that can meet the global requirements of investment banks.”

Since Samba did not have a bookbuilding platform in place, Dealogic implemented DealManager as a hosted solution within days and provided on-site support and training in Riyadh. “We’re impressed with the speed in which DealManager was implemented and its ease of use” commented Tarik Malaika, Assistant Manager, Equity Capital Markets at Samba Capital.

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