Omar Iqbal (pictured) joins the partnership of International law firm Baker Botts. Iqbal joined the firm’s Riyadh office, where it operates in association with the Law Office of Mohanned bin Saud Al-Rasheed. Iqbal’s core practice is transactional, focusing on private equity, m&a and joint ventures, combining both significant cross-border experience with extensive local Saudi Arabia expertise, having worked in both private […]
Deal & transactions
Industrial
Saudi Arabia
MAZ Group and Rheinmetall Air Defense create Rad Arabia Co.
The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins has represented Saudi-based MAZ Group in its Joint Venture with Swiss-based Rheinmetall Defense to create Rad Arabia Co., a manufacturing and development
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Capital Markets
Oil & Gas
Saudi Arabia
Petro Rabigh completes capital increase of SAR 7.95B by rights offering
Saudi-Listed Rabigh Refining and Petrochemical Company’s (“Petro Rabigh”) has completed a capital increase of SAR 7,950,000,000 by way of a rights issue (“Rights Issue”), offering 795,000,000 new shares at an offer price of SAR 10 per share
Deal & transactions
Food & Beverage
Saudi Arabia
Tanmiah Food Company and Tyson Foods sign strategic partnership
US-based Tyson Foods and Saudi-based Tanmiah Food Company (“Tanmiah”) have entered into a strategic partnership agreement to accelerate growth in agrifood and poultry production capacity and to meet growing global protein demand. The parties to
AS&H in cooperation with Clifford Chance advises the Ministry of Commerce in relation to drafting the new Companies Law. The new Companies Law is considered a significant milestone towards achieving the Kingdom’s
Gowling WLG has appointed Imran Mufti (pictured) as lead partner for the firm’s Saudi Arabia practice. Mufti will also be responsible for its relationship with Al Ghazzawi & Partners, Gowling WLG’
Deal & transactions
Saudi Arabia
Saudi Arabia’s Aramco expands Namaat industrial investment programs
The Saudi Arabian Oil Company (“Aramco”) has announced a major expansion of its Namaat industrial investment programs, with 55 agreements and Memoranda of Understanding (MoUs) across the sustainability, digital, industrial, manufacturing and social innovation sectors.
IPOs
Real Estate, Construction & Infrastructure
Saudi Arabia
Retal Urban Development Co. Initial public offering in Saudi Exchange
Retal Urban Development Co. (“Retal”), a next generation real estate developer of integrated master plan communities offering a portfolio of lifestyle-oriented residential, commercial, and mixed-use properties in the Kingdom of Saudi Arabia announced its Intention
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Al Mutlaq Group signs a USD400m joint venture agreement with
The Red Sea Development Company Announces First Joint Venture Agreement with Al Mutlaq Group for Red Sea Project Almutlaq Real Estate Investment Co. (“AREIC”), a subsidiary of the Al Mutlaq Group (“AMG”), has entered
