K&A advised Ashmore Investment Saudi Arabia on its first investment under its Industrial Initiative, on purchasing a stake in Pharco KSA, the Saudi subsidiary of Pharco Pharmaceuticals.

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The investment forms part of Ashmore’s strategy to support industrial growth and localisation initiatives in the Kingdom, in alignment with Saudi Vision 2030 objectives

K&A advised on all aspects of the transaction, reflecting the firm’s strong capabilities in complex cross-border and strategic M&A investments within regulated sectors. The K&A team was led by partner Hamdan van den Brule, supported by Managing Partner Zeyad Khoshaim and Associate Yousif Latifa.

This transaction further reinforces K&A’s position as a leading adviser on strategic and industrial M&A transactions in Saudi Arabia. It follows the firm’s recent recognition as Regional Law Firm of the Year at the Law Middle East Awards, underscoring K&A’s standing as a premium independent law firm advising on high-profile and transformational transactions across the Kingdom and the region.