Malaz Capital, the independent investment management firm based in Saudi Arabia, has completed the acquisition of an equity stake in Ram Medical Clinics Company. Ram Medical Clinics is a prominent healthcare service provider in Saudi Arabia owning a chain of clinics specializing in dentistry and dermatology. This acquisition marks Malaz Capital’s investment under the Malaz […]
Uppercase Legal Advisory, has announced its plans to establish a practice in Riyadh, Saudi Arabia, in the second quarter of 2024. This strategic move is part of the firm’s expansion plan in the Middle East
Capital Markets
Food & Beverage
Saudi Arabia
Baker Botts: Tamimi Markets Acquires Al Raya Supermarket Chain
Tamimi Markets Company (“Tamimi”), a prominent Saudi family-owned supermarket business, has successfully acquired 100% of Al Raya For Food Stuffs Company (“Al Raya”), a major supermarket chain operating in the Western region of Saudi Arabia.
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Neom and MDLBEAST to Launch Luxurious Sindalah Beach Club
In a groundbreaking collaboration, Neom, the futuristic Saudi Arabian city project, has joined forces with Mdlbeast, a prominent Saudi music entertainment company, to introduce an exclusive beach club experience on Neom’s luxury island, Sindalah.
The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import
Deal & transactions
Saudi Arabia
Transport
Stadler Inks CHF600 Million Major Deal with Saudi Arabia Railways
Stadler, a Swiss company specializing in providing mobility solutions for railway transportation, has finalized a significant agreement with the Saudi national railway company, Saudi Arabia Railways (SAR). The agreement, valued at approximately 600 million Swiss francs,
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
KAFD DMC Accelerates Development Through Key Collaborations
At the recent Public Investment Fund’s (PIF) Private Sector Forum, The King Abdullah Financial District Development and Management Company (KAFD DMC) unveiled a series of groundbreaking partnerships and collaborations under the guidance of Chief
Capital Markets
Deal & transactions
Energy & Trading
Industrial
Oil & Gas
Saudi Arabia
TMT
Baker Hughes and Dussur Inaugurate Joint Venture in Saudi Arabia
Baker Hughes, a leading energy technology company, and Dussur, a consortium owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco, and SABIC (Saudi Basic Industries Corporation), announced the official inauguration of their joint
Clyde & Co, the global law firm with a significant presence in the Middle East, has secured the approval of its Regional Headquarters (RHQ) license from The Ministry of Investment of Saudi Arabia (MISA). This
Background
News
Saudi Arabia
Updates
Former Dentons Saudi head initiates legal action against company
Amgad Husein, the former managing partner of Dentons’ Saudi office, has taken legal action by filing a breach of contract claim against the firm in London. This move comes seven years after his departure from
