Ammar Haykal

Saudi Arabia: Transformation of the Kingdom

Welcome to the Saudi Arabia focus edition of Law Update.

One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.

This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.

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The leading law firm in the Middle East & North Africa region.

Ammar Haykal

Partner, Head of Office - Ras Al Khaimah

Biography

Ammar advised his clients on their operations related to civil and commercial law especially those concerning minimizing bad debt risks and legal collection of bad debt in addition to providing consultations, advisory on corporate shareholders disputes and drafting agreements and contracts for 13 years in Jordan being an internal legal advisor to companies such as Fast Link the first cellular service provider in Jordan and through his own private practice office in Amman.

Ammar Joined Al Tamimi and company in late 2007 where he was engaged with providing legal services and consultations in various areas of law, drafting and following up various cases in the dispute resolution practice department that are related to property, banking, construction, commercial, civil, Islamic finance, ratification of arbitration awards and other areas of law.

He leads a team of litigation lawyers who provides litigation services for developers and Islamic Finance entities. He provided services in relation to Arbitration proceedings that are conducted in Arabic language which amounted to more than AED 1 billion.

Recent Experience

Supervising, advising and representing Amlak Finance in several claims surrounding civil, criminal, foreclosure, commercial, etc.
Supervising, advising and representing a leading Development Company in several claims against land developers in a man-made islands located in Ras Al Khaimah.
Representing a Tobacco Trading Company in relation to a civil and criminal case on debt recovery.
Representing a word-class Quarrying Company in a multimillion dirham outstanding recovery claim.
Representing a UAE Bank in relation to nullification of shares.
Representing a member of the Royal Family in Qatar in relation to outstanding recovery amounts.
Advising a leading Pharmaceutical Company in the Middle East on ad-hoc services and other legal services.
Advising a Governmental Entity on a gas sale and purchase agreement leading to debt recovery, attachment to assets and dealing with bounced security cheques.
Representing a Governmental Entity in a shareholder’s dispute.