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 support the growth of the Saudi economy.In a statement, PIF said that Saudi Facility Management Company (FMTECH) will provide advisory services […]
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
Healthcare, Pharma & Life Sciences
IPOs
Saudi Arabia
Legal Advisors assists ProMedEx in its USD19.04M IPO on Nomu
Legal Advisors Abdulaziz Alajlan & Partners, in association with Baker & McKenzie Limited, has acted as legal counsel for Professional Medical Expertise Company (ProMedEx) through its initial public offering (IPO) on the Parallel Market of
Capital Markets
Healthcare, Pharma & Life Sciences
Saudi Arabia
Horizon Participation acquires into Deqh Laboratory Company
Meysan Partners’ Riyadh office advised Horizon Participation Holding, a Kuwaiti group subsidiary (“Horizon”), on acquiring a minority stake in Deqh Laboratory Company in Saudi Arabia. The acquisition will follow a scheme of arrangement under the
Banking & Finance
Energy & Trading
Saudi Arabia
Eversheds Sutherland advises on solar power plant in KSA
Eversheds Sutherland and AlDhabaan & Partners, in association with Eversheds Sutherland, provided legal advisory services to Riyadh Bank and Arab Petroleum Investments Corporation, as senior lenders, to a consortium comprising of TotalEnergies, Toyota Tsusho and
Deal & transactions
News
Real Estate, Construction & Infrastructure
Saudi Arabia
Linklaters advises on Neom’s US$5.6B smart city deal
Neom, the planned smart city in northwest Saudi Arabia, has reached a significant milestone in its development with the finalization of contracts worth SAR 21 billion ($5.6 billion) in investments. The contracts, part of a large-scale public-private
Saudi Arabia released the highly anticipated Civil Transactions Law (the KSA Civil Code) following its endorsement through Royal Decree No M/191 (Royal Decree). The KSA Civil Code is an all-encompassing legislation that will regulate various
Legal Advisors Abdulaziz Alajlan & Partners, in association with Baker & McKenzie, has bolstered its Regulatory and Public Policy practice in Saudi Arabia with the appointment of Sahal Khalawi (pictured) as a new Partner. “We
