Dentons Advises GES Group on Stake Sale to Budget Saudi 

International law firm, Dentons has provided legal counsel to Overseas Development Holding Company, a Bahrain-based entity and part of the GES Group, in the strategic sale of a significant majority stake in Overseas Development Company Saudi Arabia. This transaction involved the divestiture of shares to Aljozoor Alrasekha Trucking Company (Rahaal), a wholly-owned subsidiary of Budget Saudi, a prominent player in the Saudi Arabian market. 

Structured through a combination of capital raising and the sale of existing shares, the deal marks a significant step in aligning the interests of two leading entities in the logistics and transportation sectors. By leveraging the complementary expertise and resources of both the GES Group and the Budget Group, the transaction is anticipated to generate substantial synergies and enhance operational efficiency in the Saudi market. 

The Dentons team was led by Riyadh-based partner, Ziad Saad (pictured), who was supported by Mohamad Al RifaiIntesar Alkhayyal and Dima Chehade