This strategic acquisition supports Elm Company's growth ambitions and complements its mission to deliver cutting-edge solutions that drive business transformation. By acquiring Thiqah, Elm Company strengthens its position as a key player in the industry, leveraging Thiqah's expertise and established market presence to further its goals.

The team advising Elm Company was led by Mansoor AlHagbani, Partner and Head of Capital Markets and Financial Regulatory, Partner Daniel Royle, Senior Associate Haifa AlDamegh and Associates Abdulaziz AlMubarak and Filwa AlFuraih. Counsel Selman Ansari led on the Antitrust aspects of the transaction. Their expertise ensured a smooth transaction process, addressing all legal and regulatory aspects efficiently.

AS&H Clifford Chance is proud to have played a pivotal role in this significant transaction, contributing to Elm Company's continued success and expansion in the business services sector.

AS&H Clifford Chance has a strong track record of advising on some of the largest, most innovative and complex M&A transactions. This includes advising National Commercial Bank on its merger with Samba Financial Group, which created the largest bank in Saudi Arabia.