Saudi Real Estate Co. (“Al-Akaria”) has inked a significant Development Management Agreement, facilitated by KN&P. This agreement, signed with the Royal Commission for Al Ula and Al Ula Development Company, paves the way for the development of the Sidrat Al Ula Project land, spanning an impressive 260,233.23 sqm. The project promises a diverse residential landscape […]
Capital Markets
Industrial
Saudi Arabia
Services
Transport
K&A guides a complicated private share swap transaction
In a significant development in the car leasing industry, Khoshaim & Associates (K&A) has successfully advised the Saudi Economic and Development Holding Company (SEDCO) on a complex private share swap transaction. The agreement,
The Saudi Fund for Development has signed a funding agreement with the Tunisian government, committing 55 million US dollars (approximately 173 million dinars) to a project aimed at renovating Tunisia’s phosphate transport railway network. The project,
Global law firm Latham & Watkins has welcomed 19 counsel to the partnership, effective March 1. These promotions highlight the firm’s commitment to excellence and client service across various practice areas. This announcement follows the
KN&P served as legal advisor to Anaam International Holding Group (“Anaam Group”) on its SAR 236.25 million capital increase through a rights issue. This bolstered Anaam’s capital from SAR 315 million to
Clifford Chance, a global law firm, has guided Saudi Electricity Company (“SEC”) through the dual-Series international issuance of US$800 million and US$1.4 billion senior unsecured trust certificates due 2029 and 2034 respectively. These certificates, known collectively as
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Addleshaw Goddard Guides Hwadi in Cloud 7 Hotel Project
Kerten Hospitality, in partnership with Hwadi, has unveiled plans for the groundbreaking Cloud 7 Hotel project in Al Ahsa, Saudi Arabia. The project, a key component of Kerten Hospitality’s ambitious expansion in the country, is
Latham & Watkins has been granted a Regional Headquarters (RHQ) License from the Ministry of Investment of Saudi Arabia. With a presence in the Middle East since 2008, the firm currently operates from two offices located
Capital Markets
Egypt
Food & Beverage
Saudi Arabia
EFG Hermes Facilitates Kazyon’s Landmark Acquisition of Dukan
EFG Hermes announced the successful conclusion of a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon acquired a 50% stake in Dukan, the sole discount retailer
Al Tamimi & Company Saudi Arabia has provided legal counsel to the National Center for Privatization (NCP), Ministry of Telecommunications and Information Technology (MCIT) and Al-Madinah Region Development Authority (MDA) in the completion of a
