Corporate Transactions and Commercial Relations

Our wealth of experience in structuring, financing and managing projects and ventures means we act as our clients’ local partner in their most commercially-sensitive business decisions.

This includes advising in the assessment of business strategy; supporting the risk analysis of new projects and ventures; participating in board committees as strategic commercial advisors; and providing expert counsel in all aspects of key business decision-making.

We advise Saudi Arabian and overseas companies and individuals operating in a wide variety of sectors on all aspects of corporate transactions. These include buying and selling companies and businesses (both publicly listed and privately owned), company and contractual joint ventures, corporate reorganisations and minority investments.

We are able to advise throughout the lifecycle of a transaction from initial discussions and due diligence through to drafting and negotiating documentation, obtaining governmental and regulatory approvals and post-completion integration. Our transactions team also has wide experience in both debt and equity capital  markets including sukuk and conventional bond offerings, securitizations, structured instruments IPOs, rights issues, open offers and investment funds, including real estate funds.

As well as advising issuers and advisers on local offers, we have extensively counselled foreign issuers on the compliance requirements in order to market and sell securities to investors in Saudi Arabia, including on the basis of private placements.

Our strategic business advisory function also supports many of our clients in the management and structure of their overseas investments. In this respect, our firm’s close working relationship with international law firm Linklaters provides additional access for our clients to integrated legal services worldwide.

Recent representative experience includes:

Yildiz Holding on its acquisition of United Biscuits in Saudi from private equity funds managed by Blackstone and PAI Partners.

  • Schneider Electric on the sale of its Saudi transportation business to Kapsch TrafficCom AG for €35 million
  • Lockheed Martin on the Saudi aspects of its US$9 billion acquisition of Sikorsky Aircraft
  • Novartis International AG in relation to its acquisition of GSK’s oncology products, the combination of its OTC business with GSK’s consumer business in a joint venture and the sale of its Saudi Vaccines business to GSK
  • Standard Chartered Private Equity on its investment of $175 million for a significant minority stake in Fine, the leading integrated tissue manufacturer
  • Saudi Basic Industries Corporation on its SR5 billion sukuk issue – a 20-year sukuk instrument
  • Saudi Electricity Company on its SAR 7 billion sukuk issue. The sukuk was offered on a public offer basis in Saudi Arabia
  • HSBC Saudi Arabia Limited and Samba Capital as joint lead managers in connection with the SAR750 million issue by Dar Al-Arkan Real Estate Development Company
  • Deutsche Bank AG on the marketing of fund products in Saudi Arabia
  • Morgan Stanley International on the implications of the CMA’s implementing regulations for its Saudi Arabian authorised business.