International legal firm Clifford Chance has provided legal counsel to TAWAL, a subsidiary of Saudi Telecommunication Company (stc), in securing Shari‘a-compliant term loan and bridge finance facilities. These funds will facilitate the acquisition of three telecommunications tower asset companies located in Bulgaria, Slovenia, and Croatia from the United Group. The financing, totalling USD1.42 billion, was […]
Deal & transactions
Fashion, Luxury & Design
Saudi Arabia
GLA & Company facilitates Gissah stake sale to Jadwa Investment
GLA & Company acted as the exclusive legal counsel for Sellers Bait Al Aseel and Mr. Bashar Al Ameer in the recent sale of a 35% stake in Gissah Perfumes Company. This transaction comes ahead of
Banking & Finance
Saudi Arabia
Transport
A&O with Aljazira Capital in Axiom Space’s $350M Funding Round
International law firm Allen & Overy (A&O) has provided legal counsel to Aljazira Capital (AJC) as the anchor investor in Axiom Space’s latest funding round, raising USD350 million in Series C funding.
Jeddah, Saudi Arabia – Dentons, the world’s largest global law firm, is taking a significant step in its expansion plans within the Kingdom of Saudi Arabia by moving into a new, iconic office space in
In a landmark development, Saudi Arabia has officially acceded to the United Nations Convention on Contracts for the International Sale of Goods (CISG), solidifying its commitment to enhancing international trade relations and fostering a more
In a move that underscores its commitment to becoming a regional investment powerhouse, Saudi Arabia has unveiled a joint initiative aimed at enticing multinational groups (MNGs) to establish their regional headquarters (RHQs) within the Kingdom.
Saudi Arabia’s Public Investment Fund (PIF) is setting up a company to offer services such as utilities, energy and waste management as well as maintenance, housekeeping, security, and landscaping services to key industries that
Capital Markets
Industrial
Saudi Arabia
Dentons on Farabi Petrochemicals’ first overseas acquisition
Global law firm Dentons acted as legal counsel to Saudi Arabia’s Farabi Petrochemicals Company (Farabi) on its landmark first overseas acquisition. In a strategic move to expand its foothold in the Asian market, Farabi
Addleshaw Goddard, international law firm, is expanding its presence in Riyadh, Kingdom of Saudi Arabia (KSA), in preparation for its upcoming launch in the region. The firm has announced the addition of Christian Both, a
News
Real Estate, Construction & Infrastructure
Saudi Arabia
SEVEN Unveils New Entertainment Destination in Almadinah
Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), has announced the construction of a new entertainment destination in Almadinah, and work is already underway. The construction is being carried out by
