Fintech platform Tamara, advised by Latham & Watkins, has become Saudi Arabia’s first homegrown fintech unicorn after a successful Series C equity funding round. The $340 million investment, co-led by SNB Capital and Sanabil Investments, signals strong support from new and existing investors, including Shorooq Partners and Pinnacle Capital. The funding, one of the […]
RIYADH, December 2023 – Global law firm Norton Rose Fulbright has been granted a foreign law firm license by Saudi Arabia’s Ministry of Justice, in line with the country’s new operating regulations. This
Baker Botts, the renowned international law firm specializing in energy, technology, and life sciences, has announced key leadership changes effective December 18. The strategic appointments aim to enhance the firm’s global presence and foster continued
Al Tamimi & Company, a prominent law firm operating across 17 offices in 10 countries, announced the promotion of eight individuals to Partner positions within various key departments. The appointments, effective from January 1, 2024, highlight the firm’
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
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
