“We are delighted to have acted on this strategically important acquisition for one of our long-standing clients in the Kingdom,” said Karim Nassar, Corporate Partner.
Karim Nassar added “It opens new markets to Al Babtain including Europe, Latin America, West Africa, Australia and New Zealand”.
The Baker & McKenzie team was led by Karim Nassar and Paris-based partner, Alain Sauty de Chalon. ANB Invest (Riyadh) and Accuracy (Paris) acted as financial advisors.
Baker & McKenzie has been active in the Saudi Arabia market since the mid-1970s, opening its Bahrain office in 1998, Abu Dhabi in 2009 and most recently in Doha in 2011. The Firm’s Middle East and North Africa presence also includes a long-standing office in Cairo.
Founded in 1949, Baker & McKenzie advises many of the world’s most dynamic and successful business organizations through more than 3,800 locally qualified lawyers and over 5,800 professional staff in 70 offices in 42 countries. Baker & McKenzie is known for having a deep understanding of the language and culture of business, an uncompromising commitment to excellence, and world-class fluency in its client service.
Baker & McKenzie’s global revenues for the fiscal year ended June 30, 2011, were $2.27bn. Eduardo Leite is Chairman of the Firm’s Executive Committee.
Legal Advisors in association with Baker & McKenzie is a member of Baker & McKenzie International, a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a “partner” means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an “office” means an office of any such law firm.
Monday, February 6- 2012 @ 11:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.