In a groundbreaking move, international law firm King & Spalding has secured a foreign law license, paving the way for an official expansion of its presence in Saudi Arabia. This development comes on the heels of recent regulatory changes by the Saudi Arabian government, opening the doors for foreign law firms to establish a formal […]
Banking & Finance
Deal & transactions
Saudi Arabia
United Arab Emirates
Baker McKenzie on Arcapita’s acquisition of DataFlow Group
Baker McKenzie has advised EQT Private Equity and other selling shareholders in relation to the sale of their interests in the DataFlow Group (“DataFlow” or “Company”), an international provider of credential verification services, to Arcapita
International law firm Clifford Chance has advised a consortium of banks led by Citibank, BNP Paribas, HSBC Bank Middle East, and MUFG Bank in connection to a USD 2.1 billion acquisition financing for AviLease. The acquisition
Banking & Finance
Energy & Trading
Saudi Arabia
Eversheds Sutherland on the financial close of 2 Solar PV Projects
Eversheds Sutherland together with AlDhabaan & Partners in association with Eversheds Sutherland, advised Saudi Power Procurement Company, as the procurer and offtaker, for the Al Shuaibah 1 and Al Shuaibah 2 solar photovoltaic projects which achieved financial
Banking & Finance
Saudi Arabia
TMT
Clifford Chance: TAWAL secures $1.42b financing for tower acquisitions
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
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.
