Omar Rashid is a Partner in the Corporate practice in Riyadh.

He has a broad range of corporate experience including mergers and acquisitions, joint ventures, public takeovers, equity investments and initial public offerings.

Relevant experience

• Advising the National Shipping Company of Saudi Arabia (Bahri) in relation to its US$1.3 billion merger of the fleets and operations of Bahri and Vela International Marine Ltd., a wholly owned subsidiary of Saudi Aramco
• Advising Aujan Industries on the sale of approximately half of the equity in its beverage business to Coca Cola. This transaction has a value of US$980 million
• M&A Deal of the Year - ALB The Brief Middle East Law Awards
• Advising the Carlyle Group on its acquisition of a 42% stake in the Alamar Foods Company
• Finance Monthly Deal Maker of the Year Awards 2013
• Advising Mobile Telecommunications Company Saudi Arabia (Zain KSA) on its SAR6 billion (US$1.6 billion) rights issue
• Equity Deal of the Year - IFLR Middle East Awards
• Clifford Chance advises Saudia Aerospace Engineering Industries on an aerospace and defence joint venture
  17 September 2015
  Client Work
• Clifford Chance advises Amanat Healthcare and its affiliates on the acquisition of a 35% beneficial interest in Sukoon International Holding CJSC
  13 August 2015
  Client Work
• Clifford Chance advises the Saudi Public Investment Fund on the acquisition of a significant minority stake in Posco Engineering & Construction Co Ltd for US$1.1 billion
  23 June 2015
  Client Work

Career & qualifications

• Cambridge University (BA & MA, Law) 1995
• Cambridge University (LLM, Public International Law) 1996
• Admitted as a barrister to Middle Temple 1997
• Tenant, Radcliffe Chambers, Lincoln's Inn 1997
• Linklaters LLP London, New York and Dubai 2000
• Admitted as a solicitor in England & Wales 2004
• Seconded to Morgan Stanley, London 2004-05
• Seconded to RBS, Dubai 2009
• Joined Clifford Chance 2010
• Partner since 2012
• Seconded to AS&H 2016
  
  
• Speaks English and Urdu

Awards and citations

• Omar Rashid is recommended for his corporate advice.
  Source: IFLR1000 2014: Saudi Arabia – Mergers & Acquisitions
• Omar Rashid is the main partner in Riyadh for equity capital markets work.
  Source: Legal500 2013: Saudi Arabia – Capital Markets

Clifford Chance publications and insights

Global M&A Toolkit

• Omar talks about the M&A Trends in the Middle East, with a focus on Saudi Arabia (November 2014)
• Omar discusses foreign investment in Saudi Arabia (November 2014)
• Omar discusses developments in competition law and practice in Saudi Arabia (November 2014)
• Omar highlights current trends in M&A in Saudi Arabia (June 2013)
• Foreign investors permitted to own 100% of companies operating in the wholesale and retail trading sectors in Saudi Arabia
  27 July 2016
  Client Briefing
• Saudi CMA announces further liberalisation of the Saudi equity market in 2017
  6 May 2016
  Client Briefing
• Saudi Arabian Ministry of Commerce and Industry (MOCI) issues new set of template constitutional documents for companies
  20 March 2016
  Client Briefing
• Saudi Arabia – New Companies Law
  21 December 2015
  Client Briefing
• New Saudi Arabian Companies Law
  11 November 2015
  Client Briefing
• Foreign manufacturers may soon be allowed to distribute their products in Saudi Arabia through wholly-owned subsidiaries
  10 September 2015
  Client Briefing
• Saudi Arabia opens stock market to Qualified Foreign Investors from 15 June 2015
  19 May 2015
  Client Briefing
• Structuring joint ventures in Saudi Arabia: what every foreign investor should know...
  30 October 2014
  Client Briefing
• An overview of recent developments at the Saudi Arabian General Investment Authority
  3 September 2014
  Client Briefing
• Saudi Arabia opens public consultation on its QFII Rules for direct foreign ownership of Saudi listed shares
  25 August 2014
  Client Briefing
• Saudi Arabia plans to open its stock market to allow foreign investment
  24 July 2014
  Client Briefing
• LLC directors in Saudi Arabia - do they have fiduciary duties?
  2 June 2014
  Client Briefing
• Saudization Update 2011
  1 September 2011
  Client Briefing
• Greater regulatory oversight by ESCA of M&A transactions in the UAE securities broking industry
  19 September 2010
  Client Briefing