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Al-Maarifa
OUR KNOWLEDGE

What is Al-Maarifa?

"Al-Maarifa" is the Arabic term for "The Knowledge" and it is also the name of our microsite that is exclusively dedicated to our Saudi Arabian practice. Al-Maarifa is a way for us to share our market-leading legal knowledge of the Kingdom with our clients in a unique and innovative way that demonstrates our commitment to always putting our clients first.

Who are we?

With a greater footprint in the Kingdom than any other international law firm, we are uniquely aligned with our domestic clients and our foreign clients looking to do business in the Kingdom. The combination of our history of advising both domestic and foreign clients on their largest and most significant deals in the region for over 40 years and our on-the-ground presence in Riyadh, Jeddah and Al-Khobar through our association with Dr. Sultan Almasoud & Partners, provides our clients with access to an integrated team that has an intimate understanding of both the cultural and legal landscape of the Kingdom.

We have extensive experience across a broad range of practice areas, including project development and finance, mergers & acquisitions, foreign and domestic joint ventures, privatizations, private equity and Saudi corporate advisory, capital markets, dispute resolution and litigation in Saudi courts.
Dr. Sultan AlmasoudDr. Sultan Almasoud, Partner
Disputes

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Sanjarbek AbdukhalilovSanjarbek Abdukhalilov, Partner
Mergers & Acquisitions, Capital Markets

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Rodney CannonRodney Cannon, Partner
Mergers & Acquisitions, Capital Markets

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Marwan ElarabyMarwan Elaraby, Partner
Practice Leader
Mergers & Acquisitions, Capital Markets
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Iain ElderIain Elder, Partner
Project Development & Finance

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Matthew PowellMatthew Powell, Partner
Mergers & Acquisitions, Capital Markets

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Brendan HundtBrendan Hundt, Counsel
Project Development & Finance

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  • Overview of Public Merger & Acquisition Regulations in the Kingdom of Saudi Arabia
    04/04/2018
    Since the introduction by the Capital Market Authority (the “CMA”) of the Kingdom of Saudi Arabia (the “Kingdom”) of the Merger and Acquisition Regulations approved by the Board of the CMA pursuant to its Resolution No. 1-5-2007 dated 21/09/1428H (corresponding to 3 October 2007), there has been only one public M&A transaction: Almarai’s acquisition of Hail Agriculture Development Company in 2009. The public M&A market of the Kingdom remains largely undeveloped. However, recent changes to the regulatory regime and market activity  indicate that there is growing anticipation that public M&A transactions will boost the deal activity in the Kingdom in the coming period. This note provides a high-level overview of the current regulatory regime of the Kingdom governing public M&A transactions.
  • Taking Security in the Kingdom of Saudi Arabia
    01/24/2018
    The Kingdom of Saudi Arabia is a nation with a vast and growing population of over 30 million people and significant requirements for soft and hard infrastructure. Historically, the responsibility for procuring this infrastructure has been borne by the Government, but the oil price decline and reduction of hydrocarbon export revenues, which has resulted in the development of the Kingdom’s vision for social reform and economic diversification away from dependence on hydrocarbon export revenues (Saudi Vision 2030), has forced the Kingdom to rethink how it will meet its infrastructure requirements in the future. As well as calling for a greater focus on the development of non-oil and gas-related industries (which creates additional infrastructure demand in and of itself), Saudi Vision 2030 calls for greater participation by the private sector (i.e., through the use of “public private partnerships” and other models where private sector participants bear funding responsibility) in developing the Kingdom’s infrastructure. This increased participation by the private sector can be expected to result in a spike in the use of limited recourse debt finance. Although many limited recourse debt financings have been successfully closed in the Kingdom, the laws of the Kingdom have, historically, presented some challenges for lenders seeking a robust security package in connection with limited recourse debt financings that is comparable to security packages seen in other jurisdictions.
  • New Saudi Companies Law Approved
    07/11/2016
    2015 has seen a number of interesting legal developments in Saudi Arabia, particularly from a foreign investment perspective. As well as the approval of the new Companies Law 1437H/2015G (the “NCL”), which will be of interest to local enterprises and foreign investors alike, this year has seen the enactment of rules that permit qualifying foreign financial institutions to trade in shares listed on the Tadawul and the announcement that the 25% local ownership requirement for retail and wholesale businesses wishing to sell, distribute and market their products directly in the Kingdom will be removed.