K&A successfully advised BSF Capital in its role as underwriter, financial adviser, bookrunner, and lead manager in connection with the initial public offering (IPO) of Cherry Trading Company on the Main Market of the Saudi Exchange (Tadawul).

Cherry Trading Company is a leading vehicle leasing and mobility solutions provider in Saudi Arabia, operating across car rental, short- and long-term vehicle leasing, and used vehicle sales. The company serves a broad client base including corporate, government, and individual customers, and has established a strong operational footprint across the Kingdom. The IPO represents a significant milestone in Cherry Trading’s growth strategy, supporting its continued expansion and access to the Saudi capital markets.

The K&A team was led by Managing Partner Zeyad Khoshaim and Counsel Ghaida Meaigel, supported by Associate, Mohammad AlMogheerah.

This transaction further underscores K&A’s position as a leading adviser on Saudi capital markets transactions, following the firm’s continued recognition as a Tier 1 / Band 1 firm for Capital Markets by leading legal directories, including IFLR1000, Chambers, and Legal 500, and reinforces K&A’s standing as a premium Saudi independent law firm advising on high-profile IPOs and equity offerings in the Kingdom.