The Capital Market Authority (CMA) has greenlit the registration and initial public offering (IPO) of Saudi Manpower Solutions Company (SMASCO), marking a significant development in the country’s financial landscape. In a resolution dated 01/09/1445H corresponding to 11/03/2023G, the CMA Board approved SMASCO’s application for the offering of 120,000,000 shares, representing 30% of the company’s share […]
MAS Advocates, a full-service law firm based in the United Arab Emirates, has announced a significant milestone in its expansion journey by joining forces with AlAmmar Law in the Kingdom of Saudi Arabia. Founded
HMCO Facilitates Hassan Allam Holding’s RHQ Launch in Riyadh
Hammad & Al-Mehdar Law Firm (HMCO) acted as legal counsel for Hassan Allam Holding in obtaining the Ministry of Investment Saudi Arabia (MISA) license for the launch of its Regional Headquarters (RHQ) in Riyadh, Saudi
King & Spalding Advises Arcapita on $500M Saudi Logistics Fund
International law firm King & Spalding has acted as legal counsel to Arcapita on the launch of ARC KSA Logistics Fund III, a significant Saudi Arabian fund that successfully raised SAR 1.8 billion (approximately $500 million). The
King & Spalding Guides Alkhabeer Capital’s Fund Launch
Global law firm, King & Spalding, provided legal counsel to Alkhabeer Capital in the successful establishment of the Alkhabeer Diversified Income Traded Fund 2030, slated for listing on the Saudi Stock Exchange. The fund aims to
Al Rajhi Bank Issues USD1 Billion Sustainable Sukuk
Al Rajhi Bank, one of the world’s largest Islamic lenders, successfully raised $1 billion through the sale of 5-year sustainable Islamic Bonds or ‘sukuk’, according to a document from arranging banks released on Tuesday.
sarie eldin & partners Facilitates Major Real Estate Deal in
sarie eldin & partners – announce its successful role as legal advisor to Talaat Moustafa Group Saudi Real Estate Development Company (“Talaat Moustafa Saudi”) on a landmark agreement with the Saudi National Housing Company (“NHC”). Signed
Squire Patton Boggs has announced the promotion of 13 lawyers to partner and three to principal positions across their international offices. “I would like to congratulate each of these individuals on reaching this well-deserved career milestone,”
Linklaters provided legal counsel to Tokio Marine & Nichido Fire Insurance Co. (TMNF) in its sale of a 5.75% stake in Arabian Shield Insurance Company, a publicly listed Saudi Arabian firm, to Alinma Bank. This transaction
The Saudi Civil Code, which came into force on 16 December 2023, marks a significant milestone in the modernization of the Saudi legal system. This comprehensive codification of contract and property law replaces the previously applied Sharia