Amr Reda Abdullatif , LL.M Ben Cowling – Clyde & Co said ” The KSA Civil Code is stated to come into effect 180 days after it was published, which date is 16 December 2023. The KSA Civil Code also states that, when it comes into effect, all provisions that contradict it shall be abolished. […]
The Saudi Central Bank (SAMA) has recently issued a new set of rules for Buy Now Pay Later (BNPL) services in the Kingdom. These rules aim to regulate the BNPL market and protect the interests
The Saudi Data and Artificial Intelligence Authority (SDAIA) has recently unveiled the second iteration of its AI Ethics Principles (AI Principles 2.0). This marks a significant step in establishing a principle-based ethical framework for the development
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
White & Case on SRC’s SAR 3.5 bil dual-tranche guaranteed
Global law firm White & Case has advised Saudi Real Estate Refinance Company (SRC) on the issuance of SAR 3.5 billion dual-tranche sukuk guaranteed by the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk
Global law firm White & Case is operating directly in the Kingdom of Saudi Arabia following the grant of a Foreign Law Licence by the country’s Ministry of Justice in line with new regulations
Deal & transactions
Fashion, Luxury & Design
Saudi Arabia
Clyde & Co: Cenomi Retail sells franchise rights for SAR
Global law firm Clyde & Co has provided legal counsel to Cenomi Retail, a leading Saudi-listed company, in the SAR 120 million transaction involving the sale of its franchise rights and associated assets for 18 prominent brands
Appointments
Saudi Arabia
United Arab Emirates
Haytham Samir Alieh Joins Khalid El Tamimi in Partnership with
Khalid El Tamimi, in collaboration with BLK Partners, proudly welcomes Haytham Samir Alieh as a distinguished Partner, specializing in General Litigation across the GCC and the Middle East. With an illustrious career spanning over 27 years,
Deal & transactions
Saudi Arabia
TMT
United Arab Emirates
Ooredoo, Zain, and TASC Tower Reshape Telecom Landscape
In a landmark collaboration, leading telecom players Ooredoo, Zain Group, and TASC Towers Holding have finalized agreements to establish the largest tower company in the MENA region valued at USD 2.2 Billion. The advisors DLA
Energy & Trading
Opinions
Saudi Arabia
COP 28 Insight: Ana Muñoz’s Legal Impact on Hydrogen Revolution
With Suzan Taha In the realm of legal expertise intersecting with the pursuit of a sustainable, carbon-free future, Ana Muñoz (pictured) stands as a trailblazer at the helm of NEOM Green Hydrogen Company. As
White & Case, the global law firm, has acted as legal counsel for DP World Limited and its subsidiary, DP World Middle East Company Limited, on a SAR1.28 billion project financing initiative. This financing aims
