International law firm Clyde & Co has hired senior corporate and commercial lawyer Anas Alswailem (pictured) as a partner in its Middle East and Africa (MEA) Region. Alswailem will be based in the firm’s Riyadh office and is joining Clyde & Co’s Global Corporate & Advisory practice. With over two decades of experience, Alswailem is a […]
Al Tamimi & Company has appointed Philip Kotsis (pictured) as its new Head of Saudi Arabia. The role is a first of its kind in Saudi for the law firm and demonstrates the firm’s ambitious growth plans in the Kingdom. As Head of Saudi Arabia, Kotsis will oversee operations in the firm’s three Saudi offices, […]
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings. Valued at SAR 450 million (approximately USD120 million), the acquisition will be funded by solutions by stc’s own cash resources. The […]
Banking & Finance
Saudi Arabia
Transport
International Maritime Industries establishes new maritime fund
Global law firm White & Case has advised International Maritime Industries, on the establishment of GMF Global Maritime Fund RAIF, a new independent Cyprus-based maritime fund. Based in Saudi Arabia, International Maritime Industries is a joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries. It is currently the largest maritime yard in the Middle […]
Fashion, Luxury & Design
IPOs
Saudi Arabia
Alsaif Gallery completes SAR1.2 Bil IPO and listing on Tadawul
The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised Al-Saif Stores for Development & Investment Company (“Alsaif Gallery”), which operates in the home appliances and kitchenware retail sector in the Kingdom of Saudi Arabia, on its SAR1.2 billion (approximately USD322 million) initial public offering (IPO) and listing of ordinary shares on […]
The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised SNB Capital, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and Citigroup Saudi Arabia as the underwriters of Saudi Aramco Base Oil Company – Luberef, one of the largest base oils producers in the world and the leading base oils producer in Saudi […]
White & Case and The Law Office of Megren M. Al-Shaalan have advised power and communications cables maker, Riyadh Cables Group Company (“RCG”), on its initial public offering on the Main Market of the Saudi Stock Exchange (“Tadawul”). Riyad Capital acted as financial adviser and underwriter, and Riyad Bank, EFG Hermes and ANB Capital acted as […]
Al Tamimi & Company has made six new Partner promotions, taking the Partner count at the firm to 88, across its 17 offices in 10 countries. The new partner appointments underline Al Tamimi & Company’s expertise and strength-in-depth across its offices and practice areas. The promotions are from within the firm’s Construction and Infrastructure, Employment […]
Food & Beverage
IPOs
Saudi Arabia
United Arab Emirates
Americana Restaurants USD1.8bn dual listing on ADX and Tadawul
Americana Restaurants has successfully completed its landmark initial public offering (IPO) and first ever dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (“Tadawul”). The institutional investor tranche, which was marketed domestically and internationally, drew orders worth USD105 billion and was 65.5 times oversubscribed, while subscriptions from individuals in the […]
Al Tamimi & Company relocates to new premises in the Eastern Province of the Kingdom of Saudi Arabia (“KSA”), as part of their KSA growth plans. The move will see the firm in Al Khobar shift to a bigger office space in order to accommodate their growing team. The office in Abdulhadi Al Hugayet Tower is located […]
