Meysan Partners Saudi announced today it has advised the shareholders of the Saudi Aluminum Industries Company on the sale of 33.33% of the company to Increase Industrial Development Co a Saudi group led by Saleh Al Hossan.
Meysan acted as sole legal counsel to the shareholders on various aspects of the transaction, including advice on restructuring, negotiating the transaction documents, and will be advising through to completion.
The Meysan team was co-led by Partners Faisal Al Hoshan (dispute) and Michel G. Ghanem (corporate), 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.
Meysan announces the launch of its London office
We are proud to announce the launch of our new office in London. Meysan London will focus on heavyweight commercial and investor-state disputes, with a mission to apply the firm’s international litigation and arbitration know-how to the most complex cross-border cases. It will also serve the interests of corporates, investors, funds, state-owned entities and high-net-worth individuals, all looking to achieve positive results with a trusted partner.
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