Clifford Chance has acted as issuer’s counsel to SAL Logistics Services Co. on its SAR 2.544 billion (approx. US$678.4 million) landmark IPO with an implied market capitalization at listing of SAR 8.84 billion (approx. US$ 2.261 billion), set to mark the second largest IPO in the MENA region this year. The IPO was completed on […]
Sultan Almasoud, Head of Shearman & Sterling‘s Riyadh office in association with The Law Firm of Dr. Sultan Almasoud, has been appointed to Saudi Arabia’s Capital Markets Authority (CMA) advisory committee. Almasoud’s
Deal & transactions
Industrial
Saudi Arabia
PIF and Pirelli Announce Joint Venture for Saudi Tyre Plant
Legal Advisors Abdulaziz Alajlan & Partners, in collaboration with Baker McKenzie offices in London, Milan, and Dubai, have provided legal counsel to the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, in
Mishcon de Reya, a prominent UK law firm, is making significant strides by applying to establish its presence in Riyadh, Saudi Arabia, reflecting the Kingdom’s growing economic importance to global clients. The firm’
Kirkland & Ellis, the international law firm boasting a formidable team of 3,500 lawyers across the U.S., the UK, Europe, and Asia, has set its sights on the Middle East with the establishment of a
Capital Markets
Saudi Arabia
Saudi Ministry of Investment Sets Minimum Capital Requirements for Foreign
The Ministry of Investment in Saudi Arabia has unveiled new guidelines and minimum capital requirements for foreign companies looking to obtain licenses for wholesale and retail trade activities with full ownership in the Kingdom. The
NEOM, Saudi Arabia’s ambitious development project, is set to embark on a transformative journey in the logistics sector with a groundbreaking USD 10 billion logistics joint venture alongside DSV-Global Transport and Logistics, with GLA &
Capital Markets
Industrial
Saudi Arabia
Meysan Partners Saudi advises on Salumco’s 33.33% stake sale
Meysan Partners Saudi has provided comprehensive legal counsel to the shareholders of Saudi Aluminum Industries Company (‘Salumco’) throughout the sale of a 33.33% stake in the company to Increase Industrial Development Co, a prominent Saudi group
Global law firm Clifford Chance has served as issuer’s counsel for ADES Holding Company in its historic SAR 4.6 billion (approximately US$1.2 billion) initial public offering (IPO), which carried an implied market capitalization of SAR 15.2
CMS, a global law firm, has announced its debut in Saudi Arabia by securing Mohammed Aldowish, a partner from Clyde & Co, to establish a new office in Riyadh. Aldowish, who led the disputes practice
