Faisal Al Hoshan_ Michel Ghanem

Meysan Partners Saudi advises on Salumco’s 33.33% stake sale 

Meysan Partners Saudi has provided comprehensive legal counsel to the shareholders of Saudi Aluminum Industries Company (‘Salumco’) throughout the sale of a 33.33% stake in the company to Increase Industrial Development Co, a prominent Saudi group led by Saleh Al Hossan

In this significant transaction, Meysan Partners Saudi played a pivotal role by offering legal guidance on various facets, including restructuring, negotiation of transaction agreements, and continuous advisory services until the deal’s completion. 

Salumco, with over five decades of experience, is a distinguished manufacturer specializing in architectural aluminum systems and products within the construction and facade industry. The company has an unwavering commitment to delivering complete, rigorously tested, and internationally approved aluminum systems, encompassing curtain walls, hinged and sliding doors, as well as windows. 

The Meysan team was co-led by Partners Faisal Al Hoshan (dispute, pictured left) and Michel G. Ghanem (corporate, pictured right), with support from Counsel Neyla Rahal

Michel comments: “We are delighted to have worked alongside the shareholders on this strategic divestment. Acting as sole legal counsel, our effective collaboration and unrivalled restructuring experience enabled us to reach a successful outcome.” 

Completion of the transaction remains subject to securing standard regulatory approvals.