International law firm Clifford Chance said it has played a key role in helping Saudi-based Al Tayyar Group to acquire a 30 per cent stake in Thaker Investments and Real Estate Company for SR803.8 million ($214 million).
Thaker is a major player in the real estate development scene in the Saudi city of Makkah, while Al Tayyar Group is a major tourism company in the Gulf region listed on the Saudi stock exchange.
Clifford Chance was the key advisor for the Saudi travel group in one of the major real estate merger and acquisition (M&A) transaction in the kingdom. The deal was completed through share transfer.
The team was led by Khalid Al Abdulkareem (partner, Riyadh) and Majid Al Sheikh (senior associate, Riyadh) with assistance from Daniel Royle, Abdulaziz Al Jadaan and Mais Al Omar.
Clifford Chance, one of the world's pre-eminent law firms, is now the leading M&A practice in Saudi Arabia, advising on the most high-profile and innovative transactions.-TradeArabia News Service
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