Dur Hospitality Company is a leader in the hospitality industry and has been managing, developing and operating hotels and residential communities for over 4 decades. This transaction secures their position as leaders in the markets and contributes to the growth and expansion of the hospitality sector in the Kingdom of Saudi Arabia.
A strong team of lawyers from AS&H Clifford Chance advised on this transaction.
The AS&H Clifford Chance team was led by partner Mansoor Alhagbani (Head of the Capital Markets & Financial Regulatory). Ahmad Alsadhan (Senior Associate) was the lead associate and was supported by Associates Haifa AlDamegh, Mohammed Ghazzawi, Ali Alfozan, Ismaila Ngum, Noura Alassaf and Yara Abushanan.
AS&H Clifford Chance and Clifford Chance have an exceptionally strong track record of advising on some of the largest, most innovative and most complex deals in the Middle East. Together, we have advised on the following notable markets transactions in the Kingdom: NCB on its merger with Samba Financial Group (Domestic Deal of the Year - IFLR Middle East Awards 2021), PIF on the USD 69 billion sale of its stake in SABIC to Saudi Aramco (Domestic Deal of the Year - IFLR Middle East Awards 2020), SABB on its USD 5 billion merger with Al-Awwal Bank (Domestic Deal of the Year - IFLR Middle East Awards 2019), Petrochem on its commercial combination with SIIG, Sahara on its business merger with Sipchem and Tenaris on its acquisition of a majority stake in Saudi Steel Pipe Company.