AS&H in co-operation with Clifford Chance advises on the transfer of HSBC Saudi Arabia’s asset management and retail businesses to Alawwal Invest
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance is advising Alawwal Invest on the transfer of HSBC Saudi Arabia’s asset management and retail businesses to Alawwal Invest.
This mandate comes after AS&H previously advised SABB on its successful merger with Alawwal Bank, the first ever statutory merger in Saudi Arabia, a deal for which AS&H won the IFLR Domestic Deal of the Year at the IFLR 2019 awards.
The team was led by partners Mansoor Alhagbani (Partner and Head of Capital Markets & Financial Regulatory) and Sahel Mughal (Clifford Chance Partner seconded to AS&H) with support from Counsel Selman Ansari and Associates Haya Al-Rowaita and Noura Abdulrahman, all based in Riyadh.
AS&H in cooperation with Clifford Chance also recently advised NCB on its merger with Samba Financial Group, PIF on the USD 69 billion sale of its stake in SABIC to Saudi Aramco, SABB on its USD 5 billion merger with Al-Awwal Bank, Sahara on its business merger with Sipchem and Tenaris on its acquisition of a majority stake in Saudi Steel Pipe Company.