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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.
Read the edition
A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Andrew Tarbuck
Partner, Head of Capital Markets
Biography
Andrew is a Partner and Head of Capital Markets at Al Tamimi and, with over 12 years of experience in the region, he is widely recognised as a leading lawyer for capital markets in the Middle East.
Andrew has particular expertise in all aspects of capital markets transactions, particularly IPOs, other equity fund raisings, debt securities and Sukuk. He is skilled in all aspects of capital markets, M&A, public company work and corporate law.
Andrew has been ranked in Band 1 in Chambers Global for several years and is a “Leading Individual” in Legal 500 for UAE and Middle East Capital Markets. Commentators described him as “very knowledgeable, practical and energetic, and gets things done“, “a big player who brings a lot of expertise to his team” and as “a leading figure in the capital markets space” with “a solid track record in multibillion-dollar IPOs”.
Recent Experience
- Network International Holdings plc on its £1.5 billion IPO on the London Stock Exchange.
- Dubai Airport Free Zone Authority on the establishment of a UAE free zone stock exchange (a selected Dubai Government 10X Project).
- Bank of London and The Middle East plc on its share buy-back programme on Nasdaq Dubai.
- The proposed sale of a significant stake in a UAE public company and establishment of various real estate funds.
- EFG Hermes, HSBC, Barclays, BAML on the dual listing of Orascom Construction Limited on NASDAQ Dubai and the Egyptian Stock Exchange and demerger from Euronext.
- National Commercial Bank on its US$6 billion IPO and listing on the Saudi Tadawul (largest IPO ever in the Middle East/second largest IPO globally in 2014).
- AIG Alico and Bawan Group on their IPOs and listings on the Saudi Tadawul.
- DAMAC Properties on its global GDR exchange offer and listing on the Dubai Financial Market, which included a de-listing of GDRs on the London Stock Exchange.
- Qatar Petroleum on the retail IPO of Mesaieed Petrochemical Holding Company and listing on the Qatar Exchange.
- Ooredoo (formerly Qtel) on the establishment of a U.S.$2bn airtime Sukuk programme and issuance of U.S.$1.25bn of trust certificates.
- Ooredoo on the establishment and issuance of a Rule 144A US$3 billion GMTN programme.
- Sembcorp Salalah on its IPO and listing on the Muscat Securities Market.
- Asiacell on its US$1.3 billion IPO on the Iraq Stock Exchange.
- JLMs on the issuance of US$250 million 8.25% notes by Investcorp S.A..
- Nasdaq Dubai on various regulatory matters.
Language(s)
- English
Education
1995 – Post Graduate Diploma in Law – Legal Practice Course. College of Law, Chester.
1994 – Post Graduate Diploma in Law – Common Professional Examination. College of Law, Chester.
1993 – BA (Hons) 2:1 History. University of Newcastle-upon-Tyne
Admission
1998 – England & Wales, Solicitor
Insights
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