The Office of Mohanned bin Saud Al-Rasheed In Association with Baker Botts represented Swissport International in the formation of a strategic joint venture partnered with Asyad Holding Company to drive future growth in Saudi Arabia’s aviation ground services sector.
The agreement entails Swissport International selling a 49 percent stake of Swissport Saudi Arabia to ASYAD, a prominent Saudi holding group with extensive business interests in aviation, infrastructure, and other sectors both within and outside Saudi Arabia.
This strategic alliance highlights Swissport’s dedication to Saudi Arabia and aims to expedite the company’s expansion in the region’s largest economy. Swissport intends to broaden its presence in Saudi Arabia by enhancing air cargo handling, airport ground services, and lounge hospitality services, with a particular focus on collaborating with Saudi carriers.
The Office of Mohanned bin Saud Al-Rasheed In Association with Baker Botts represented Swissport International AG in relation to all aspects of the sale.
The Baker Botts team was led by partner Omar Iqbal (pictured), supported by senior associates Rakan AlYusuf and Neil Williams, associate Nabeel Sarwar and paralegal Khalid Shahien.
The closing of such transaction is subject to satisfactory completion of the regulatory process in Saudi Arabia.