K&A Ranked Tier 1 in 2021 Chambers & Partners Global

K&A became the only independent Saudi Arabian law firm to be ranked in core Saudi Arabian practice areas for the Chambers & Partners Global 2021 rankings.

K&A maintained its Tier 1 rankings in Banking and Finance, Capital Markets and Commercial & Corporate. K&A has also received tribute from clients with one client saying that “Khoshaim & Associates is, in my view, the best Saudi-based firm for complex local matters.”

K&A also has the honor of having its lawyers being ranked, with Managing Partner, Zeyad Khoshaim, ranked in three practice areas: Commercial/Corporate, Capital Markets and Dispute Resolution, with a client commenting “He’s an excellent lawyer and he’s one of the best if not the best lawyer in the Saudi market”.

Other K&A lawyers ranked include the “solution-oriented” Karim Wali, ranked in Banking & Finance, the “brilliant” Leen Zaza, named for Corporate/Commercial, and the “Sharia-knowledgeable” Nasser Alrubayyi, named for Dispute Resolution, with clients commenting on the K&A team that they are “among the top players in the market.”

Congratulations to the K&A Team and hope we get to celebrate these accolades together soon.


K&A joins Qimam Fellowship

K&A is pleased to announce its work with Qimam Fellowship. Qimam is coalition of over thirty leading national and international companies and 300+ senior leaders from the public and private sector that aims to identify, develop, and empower the most promising and distinguished university students in and from Saudi Arabia to achieve their full potential.

This relationship reaffirms K&A’s commitment to elevating the practice of law in Saudi Arabia and equip our future lawyers with the mentorship and guidance needed to make an impact and contribute to our society.  For more information see: https://www.qimam.com/en/

K&A’s own Graduate Student Program recently brought in a number of high caliber law and humanities graduates, and continued to expand the team with a number of hires and promotions. For more information, see: https://www.khoshaim.com/careers/


K&A Contributes to the Islamic Finance and Markets Law Review

 

K&A contributed the Islamic Finance chapter for Saudi Arabia in the fifth edition of Islamic Finance and Markets Law Review.

 

Leading Partner Karim Wali commented “K&A’s work in Islamic Finance in Saudi Arabia, within the context of bilateral and syndicated financings, and in the context of project finance and sukuk is unparalleled. We are pleased to have had the opportunity to work with the Islamic Finance and Markets Law Review to contribute this article and elucidate some of these complex issues.”

 

This article is published on the heels of K&A being named KSA Law Firm of the Year by the IFLR.

 


K&A Advises on Accelerated Bookbuild Transaction on Tadawul

K&A has successfully advised NatWest Markets plc (NWM) and Banco Santander S.A. (Santander) in connection with their USD682.58 million disposal of Tadawul-listed shares in the Saudi British Bank (SABB) by way of an accelerated bookbuild, representing 5.6% of SABB issued share capital.

This transaction is the second of two recent and accelerated bookbuilds pursuant to which NWM and Santander have now sold down their entire shareholding in SABB. K&A advised on the first accelerated bookbuild of approximately 1.5% of SABB’s issued share capital owned by NWM and Santander.

Goldman Sachs International (GSI) and Citigroup Global Markets Limited (Citi) acted as joint bookrunners and their Saudi Arabian entities acted as executing brokers.

The K&A team was led by Managing Partner Zeyad Khoshaim, Counsel Amro Bakhaidar, Associates Mohammad AlMania, Associate Ghaida Meaigel and Trainee Associate Yazeed Alsayari.

This transaction comes on the heels of K&A having been named Saudi Arabian Law Firm of the Year by IFLR Middle East Awards, winning Equity Deal of the Year, and Domestic Deal of Year.


K&A Advises on Landmark Vision 2030 Industrial Project

K&A successfully advised Saudi Aramco on its 50/50 joint venture with energy technology firm Baker Hughes to establish an industrial project that will develop a broad range of non-metallic products for multiple applications in the energy sector. The newly formed joint venture will be named Novel.

Novel’s new plant will be constructed at King Salman Energy Park (SPARK) in the Eastern Province of the Kingdom. The JV aligns with Saudi Arabia’s efforts to expand its commercial ecosystem and promote domestic investment, in alignment with Saudi Arabia’s Vision 2030.

The K&A team was led by Managing Partner Zeyad Khoshaim, Corporate Partner Leen Zaza, Projects & Finance Counsel Hamdan van den Brule, and supported by associates Ghadah AlOtaibi, Dana AlDhuwaihi, Omar AlHarbi, and Hawa Aba-AlKhail.

This transaction comes on the heels of K&A having been named Saudi Arabian Law Firm of the Year by IFLR Middle East Awards, winning Equity Deal of the Year, and Domestic Deal of Year.


K&A Advises on Groundbreaking PPP Project

K&A successfully advised Tatweer Buildings Company (TBC), a company owned by the PIF, on the structuring, negotiation, and execution of the relevant project documents, including the Project Agreement, of Wave 1 of the Schools Infrastructure Development Public Private Partnership Program. The project is designed to expand the existing education facilities in the Kingdom of Saudi Arabia and respond to the increasing demand for education services and is a crucial part of the wider initiative to achieve the Vision 2030 of the Kingdom of Saudi Arabia. Wave 1 of the Program involves the design, build, financing and maintenance of 60 schools and associated facilities in the cities of Jeddah and Makkah.

Other government stakeholders involved in this project include Ministry of Finance (MOF) of Kingdom of Saudi Arabia and National Centre for Privatization (NCP).

The team working on this project was led by Managing Partner Zeyad Khoshaim, Projects & Finance Partner Karim Wali, Projects & Finance Counsel Hamdan van den Brule, associate Ghadah AlOtaibi, and associate Omar Alqazlan, and worked with colleagues at HSBC, Allen & Overy, and AECOM.

This transaction recognizes K&A’s on-the-ground PPP expertise and its deep bench. It comes on the heels of K&A having been named Saudi Arabian Law Firm of the Year by IFLR Middle East Awards, winning Equity Deal of the Year, and Domestic Deal of Year.


K&A Named Saudi Arabian Law Firm of the Year

K&A is honored to have received IFLR’s prestigious Saudi Arabian Law Firm of the Year award.

This recognition validates K&A’s strategy of having on-the-ground execution capabilities in an independent KSA law firm. All of K&A’s tier 1 practices – Corporate/M&A, Capital Markets, Finance and Projects, Dispute Resolution, and Regulatory & Public Policy – have contributed to this success.

Managing Partner, Zeyad Khoshaim, commented: “To the K&A legal and support teams: you are the heart of K&A and this award goes to you! Thank you to every member of the team, past and present, who helped us get here. The way we work, the noble goal we have to elevate the practice of law, and our dedication to excellence is unique to us. These are the reasons that I am proud to call myself a member of this team.”

K&A also won Domestic Deal of the Year for their role on the Saudi Aramco / SABIC acquisition, and Equity Deal of the Year for their role on the Saudi Aramco IPO.

Congratulations to K&A!


K&A Advises on Largest Bank Merger in KSA History

K&A advised Samba Financial Group on the signing of its merger agreement with National Commercial Bank. The merger aims to create a regional powerhouse with SAR 837 billion (U.S.$ 223 billion) in assets, uniquely positioned to accelerate the transformation of Saudi Arabia’s banking landscape and deliver progress towards Vision 2030.

This landmark transaction cements K&A’s role as the leading KSA firm for complex M&A transactions. K&A has worked on every premier public or private M&A deal, on sell and buy-side, whether on a competitive or bilateral basis. From the Sipchem/Sahara share swap, to the SABB/AlAwwal merger, to the Saudi Aramco/SABIC acquisition, K&A has been at the forefront of complex M&A work in KSA.

Our role for Samba utilized all of our tier 1 practice areas, including M&A, capital markets, corporate, competition, finance, and dispute resolution.

This transaction comes at the same time as K&A dominated the IFLR award nominations as announced here.

Managing Partner, Zeyad Khoshaim, commented, “I am very proud of our team for having structured, negotiated, and documented this complex deal in an efficient manner and expedited timeline. It validates our strategy of having on-the-ground execution capabilities to execute deals of this complexity”.

Many thanks goes out to Counsel Amro Bakhaidar, associates Mohammad Almania, Ghaida Meaigel, and trainee associate Yazeed Alsayari for their lead role on the transaction, and to Partners Karim Wali and Leen Zaza for their assistance.

#capitalmarkets #banking #mergersandacquisitions #samba #ncb #KSA #law #saudiarabia #vision2030


K&A Advises on the Kingdom’s first Green Sukuk

K&A is pleased to have acted as issuer’s counsel to Saudi Electricity Company (SEC) on its debut green sukuk. The USD 1.3 billion sukuk generated significant investor interest and received orders of more than $5 billion.

This is K&A’s fourth sukuk issuance this year after having worked on SABB’s USD 5 billion international and SAR 5 billion local Sukuk program as counsel to the Dealers and Riyad Bank’s USD 3 billion international Sukuk program earlier this year as issuer’s counsel, which cements K&A as a debt capital markets leader in the Kingdom.

This announcement comes on the back of K&A dominating the IFLR award nominations last week.

Congratulations to SEC and the team.

SEC Announcement


K&A Advises on Accelerated Bookbuild Sale in SABB

K&A advised NatWest Markets plc and Banco Santander S.A. in connection with their USD200 million disposal of shares in Saudi British Bank by way of an accelerated bookbuild.

This transaction comes on the back of K&A advising on the AlAwwal/SABB merger last year on the behalf of the major shareholders in AlAwwal, and the second ABB transaction K&A is involved with after Savola’s.

The transaction involved K&A’s tier 1 capital markets and corporate practices.


K&A Dominates IFLR Award Nominations

K&A is honored to announce that it has been nominated for five awards as part of the prestigious IFLR Middle East Awards.

K&A received the nod for National Law Firm of the Year and Equity Team of the Year, in addition to its role on the following mega deals:

  1. The Saudi Aramco / SABIC M&A transaction
  2. The Saudi Aramco IPO
  3. The Riyad Bank Tier 2 issuance

Managing Partner, Zeyad Khoshaim, commented: “We are delighted to have been nominated for National Law Firm of the Year. We appreciate IFRL’s recognition of our practice and team. The number and categories of our nominations reflects the depth and breadth of our practice areas. I am proud to be working amongst the best team of lawyers in KSA.”

These nominations come following K&A recently receiving the prestigious status of becoming the only Saudi Arabian law firm to have been ranked as band 1 by leading law firms ranking journal “Legal 500” in Capital Markets, Banking and Finance, Commercial, Corporate and M&A, and Dispute Resolution.

 

https://www.linkedin.com/feed/update/urn:li:activity:6709790574985134080


Basma Khashoggi Joins K&A as Counsel

K&A is pleased to announce the addition of Basma Khashoggi, as Counsel, to its Tier 1 Corporate and Regulatory Practices.

 

Basma is both a Saudi Arabian and New York qualified senior lawyer who has significant experience in a wide range of corporate transactions and regulatory matters.

 

For corporate transactions, Basma’s experience includes joint ventures, mergers and acquisitions, corporate governance, restructuring, and franchising.  In addition to representing a wide-range of international and local clients, Basma has built sector-specific expertise in advising and working on transactions within the healthcare industry including pharmaceuticals, medical devices and biopharama, retail and e-commerce as well as hospitality and leisure.

 

For regulatory matters, Basma worked with a number of regulatory authorities in the Kingdom to draft legislation and drive legal reform.

 

Basma will continue the expansion of the firm’s presence across the Kingdom and will reside in K&A’s newly opened Jeddah office.

 

Managing Partner, Zeyad Khoshaim, commented: “We are delighted that a veteran internationally trained lawyer such as Basma has joined us. In K&A, she has found a home to grow the strongest Saudi Arabian firm with on-the-ground capabilities. With her broad experience and her specialized insights, her contribution will ensure that K&A’s clients are well served.”

 

This hiring comes on the back of K&A continuing to be ranked as tier 1 and band 1 by all major ranking journals: Chambers Global, IFLR 1000, and Legal 500, and has recently secured the engagement to a landmark merger in the Kingdom.[:]


K&A successfully completes work on largest M&A deal in KSA history

After months of complex advice and assistance, K&A successfully assisted SABIC in completing what is the largest acquisition in Saudi Arabian history.

Saudi Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) for a total purchase price of SAR 259.125 billion (US$ 69.1 billion).

 

K&A’s work on the transaction solidifies our M&A and Capital Markets capabilities, and our continued advice in connection with M&A transactions in the petrochemicals industry. Just last year, K&A closed the Saudi International Petrochemical Company, (SIPCHEM), in relation to its share swap public acquisition with Sahara Petrochemicals Company, (Sahara), another landmark transaction in Saudi Arabia.

 

This transaction comes on the heels of K&A being named M&A Law Firm of the year by IFN and dominating the Legal 500 rankings.

 


Khoshaim & Associates Advises on Complex Acquisition Involving a Share Swap Structure for Treasury Shares in a Listed Company

K&A advised Kingdom Investment and Development Company (KIDC), a wholly owned subsidiary of Kingdom Holding Company (KHC), in relation to a sale and purchase of shares equal to 54.56% of Care Shield Holding Company (CSHC) (by way of a share swap and cash consideration).

KIDC signed a Share Swap Agreement with Dallah Healthcare Company (DHC), a listed company, pursuant to which DHC has agreed to acquire a majority interest in CSHC from KIDC in consideration for (i) DHC treasury shares, and (ii) a cash consideration amount.

The structuring of this novel and complex transaction is a testament to K&A’s position of advising on leading M&A transactions in Saudi Arabia and comes on the heels of K&A being named M&A Law Firm of the year by IFN and dominating the Legal 500 rankings. It also represents another important milestone in K&A’s significant record in the healthcare sector.


K&A Managing Partner interviewed by Oxford Business Group

K&A Managing Partner, Zeyad S. Khoshaim, sat down with Oxford Business Group in a video interview to discuss Saudi Arabia’s legal framework. Amongst the topics discussed were Saudi Arabia’s reforms to: (i) further attract foreign direct investment; (ii) ensure a transparent and robust capital markets; (iii) and enhance rules that govern dispute resolution and arbitration. The interview also provides a primer on sources of Saudi Arabia law and how Sharia is applied in Saudi Arabia.

 

Thank you to the Oxford Business Group for their thoughtful questions and reporting on Saudi Arabia, and it was a pleasure to host you at our offices.

 

Watch the full video here: http://ow.ly/JzZg30qDh8w


K&A Dominates Legal 500 with Tier 1 rankings

For the second year in a row, K&A became the only Saudi Arabian law firm to have been ranked Tier 1 in the four core practice areas for the Legal 500 2020 rankings. K&A was specifically ranked Tier 1 in Capital Markets, Banking and Finance, Commercial, Corporate and M&A, and Dispute Resolution.

 

K&A also has the honor of having the most number of mentioned lawyers in the Legal 500 2020 rankings, with Managing Partner, Zeyad Khoshaim, becoming the only lawyer in Saudi Arabia to have been ranked as a “Leading Individual” in four practice areas namely Capital Markets, Commercial, Corporate and M&A, Dispute Resolution, and Real Estate and Construction.

 

Projects & Finance Partner Karim Wali, has been ranked in Banking and Finance, Partner Leen Zaza was named a Rising Star for Commercial, Corporate and M&A, and Partner Nasser Alrubayyi was named a Next Generation Partner in Dispute Resolution. Counsel Hamdan van den Brule was also mentioned to have brought strength to the team.

 

Congratulations to the K&A Team and hope we get to celebrate together soon.


K&A Establishes COVID-19 Pandemic Legal Response Team

Our thoughts and prayers are with all those impacted by the current severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) pandemic (“COVID-19 Pandemic”).

 

This is to let you know that K&A has setup its systems and personnel to continue to serve its clients during these times. K&A’s systems allow our team access to each other and our clients in an efficient, secure, and safe manner. We do not anticipate a disruption in our service delivery.

 

In these times, we have focused on what we can speak on, and have therefore setup a COVID-19 Pandemic Legal Response Team that can provide insight on the potential impact of the COVID-19 Pandemic on various issues under Saudi Arabian law.

 

We will publish our views on such matters as events unfold. Our team is monitoring the situation and keeping a critical eye on any legal and regulatory developments that may have an impact on any of our clients and their businesses.

 

For more information on such matters, please send emails to our COVID-19 Pandemic Legal Response Team at Covid19@khoshaim.com.

 

We wish you, your families, and loved ones continued good health and safety.

 

Until we meet again, take care.

 

K&A Team


K&A Expands its Partnership

K&A announces the promotion of two of its highly respected lawyers, Leen Zaza and Nasser Alrubayyi, to join the K&A partnership.

Ms. Zaza is a New York qualified lawyer, who is an expert on M&A and corporate transactions, shareholder relationships, private equity, and foreign direct investment. She led on high profile M&A transactions in Saudi Arabia, including acting for SABIC on Saudi Aramco’s acquisition of its shares and the shareholder arrangements to setup the King Salman Global Maritime Industries Complex, and has been building K&A’s corporate practice for the past eight years. Ms. Zaza is ranked as a Highly Regarded Individual by IFLR1000 for M&A and as a Next Generation Lawyer by Legal 500 for Commercial, Corporate and M&A.

Mr. Alrubayyi is a Saudi Arabian litigator, and a Sharia and arbitration expert. His work spans acting for listed companies looking to defend themselves from shareholder lawsuits, to acting on construction arbitration disputes, to enforcing foreign judgments and awards in Saudi Arabia. He recently argued in front of the Saudi Arabian Administrative Supreme Court, where he successfully defended one of our clients. He previously spent some time at JAMS in the United States and the International Court of Arbitration (ICC) in France before joining K&A, where he helped build K&A’s dispute resolution practice over the past seven years. Legal 500 2018 named Mr. Alrubayyi as the only Next Generation Lawyer named for Dispute Resolution in Saudi Arabia.

These promotions occur on the heels of K&A having achieved the prestigious status of becoming the only Saudi Arabian law firm to be ranked as band 1 in leading law firm ranking journal “Chambers Global” in all practices: Corporate/M&A, Financing, Dispute Resolution, and Capital Markets.

K&A Managing Partner, Zeyad Khoshaim, commented “The depth of Leen’s and Nasser’s expertise and knowledge of Saudi Arabian law is unparalleled. Their joining of K&A’s partnership is a testament to the strategy that K&A has followed to build practices around our best lawyers. Karim and I are proud to be calling them our partners. Congratulations to Leen, Nasser, and of course, to K&A!”


K&A Announces opening of new Jeddah Office

Tuesday, 10th of December 2019

K&A, is pleased to announce the opening of a new office in Jeddah, Saudi Arabia. This will be K&A’s first office opening outside of its Riyadh main office.

 

K&A’s Jeddah office comes on the back of K&A serving a first-tier list of corporate clients in Saudi Arabia’s western region, along with a number of multinational investors looking to invest in that region. As these clients have increasingly turned to K&A for legal services, these relationships have deepened, creating a need for K&A to establish an on-the-ground presence to continue to expand those relationships. K&A also views key Vision 2030 projects in and around Saudi Arabia’s western region to be very important and in need of premium legal services.

 

K&A’s Jeddah-based team will be fully integrated with its 30+ lawyer legal team in Riyadh, and will cover the five practice areas the firm is known for: Corporate/M&A, Capital Markets, Finance and Projects, Dispute Resolution, and Regulatory. K&A’s “practice based” organizational structure should allow for quick integration of the two offices. This office-agnostic approach to management of our team allows K&A to deliver the best lawyers to its clients regardless of office location.

 

Managing Partner, Zeyad Khoshaim, commented: “The opening of the Jeddah office is a critical milestone to K&A’s maturity and reflects the deep relationships that we have built with our clients. We look forward to our contribution to that community and helping grow our practice further, with some of the best legal talent in Saudi Arabia that may have not been able to relocate to Riyadh.”

 

The opening of the Jeddah office follows K&A’s work on some of Saudi Arabia’s landmark transactions and litigation wins, including the Saudi Aramco / SABIC acquisition, the Sipchem / Sahara business merger, the enforcement of multimillion arbitration awards, and advising lenders and sponsors on various financings and projects including in respect of the Arabian Centres Company refinancing, and the Dumat Al Jandal wind project.

 

K&A has also achieved the prestigious status of becoming the only Saudi Arabian law firm to be ranked as band 1 in leading law firm ranking journal “Chambers Global” in all practices: Corporate/M&A, Financing, Dispute Resolution, and Capital Markets.

 

For press details contact

BD@Khoshaim.com


Amro Bakhaidar joins K&A as Counsel

Thursday, 28th of November 2019

Amro Bakhaidar joins K&A as Counsel

K&A is pleased to announce the addition of Amro Bakhaidar, as Counsel, to its Tier One Capital Market Practice.

Amro is a senior lawyer who has significant experience in a wide range of capital market transactions including IPOs, rights issue, private transactions, investment funds, and public M&A.  He advised local, international and government entities on transactions in the energy, shipping, banking, insurance, petrochemical, and pharmaceutical industries.

Amro joins K&A on the back of a very successful year. K&A is now ranked as tier 1 and band 1 by all major ranking journals: Chambers Global, IFLR 1000, and Legal 500, and recently won the IFLR 1000 Award for the public merger of SABB and AlAlwwal.

Managing Partner, Zeyad Khoshaim, commented: “We are glad to have someone of Amro’s caliber join us. His goals fully align with our strategy of building our on-the-ground technical expertise and execution capability. With the CMA focusing on enhancing the capital markets regulatory framework, including the promotion of cross listings, accelerated bookbuilds, and other structures, our capital markets practice continues to be a prime focus of our growth.”