Arif Mawany

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.

Arif Mawany

Head of Corporate Commercial - Oman

Biography

Arif Mawany heads the Corporate Commercial department in Oman. Arif is also a member of the antitrust / competition, healthcare and turnaround, restructuring and insolvency groups.

He regularly advises corporations involved in joint ventures, corporate and M&A transactions across a range of sectors including utilities, healthcare, education, retail, telecoms, leisure, mining and energy. Arif previously worked in senior roles at New York and London head quartered law firms.

Arif has extensive experience advising on IPOs, M&A, private equity, corporate finance and project matters and has worked with a wide variety of financial institutions, private equity investors and companies from the USA, UK, Europe, Africa, the Middle East and the Far East, undertaking deals in the Middle East.

Arif is recognised as a ‘Next Generation Partner’ by the Legal 500 EMEA for Commercial, Corporate and M&A and as a ‘Rising Star’ in Oman by IFLR 2020.

Recent Experience

Advising Alpek S.A.B. de C.V. on the Omani law aspects of its USD 620m acquisition of Octal Holding.
Advising a FTSE 250 listed telecommunications company on the Omani law aspects of the USD 575m acquisition of a tower portfolio from Omantel.
Advising Al Mouj Muscat SAOC on the sale of its district cooling plant and related long term concession arrangements to National Central Cooling Company PJSC
Advising bidders in relation to the Omani law aspects of the USD 1bn state privatisation of Muscat Electricity and Distribution Company.
Advising Templar Investments on the USD 1bn acquisition of Jindal Steel and Power Oman.
Advising Linde GmbH on the acquisition of an air separation plant in Oman.
Advising Kerry Group plc on the acquisition of AATCO Food Industries in Oman, KSA, India and UAE.
Advising Aster DM Healthcare on its maiden acquisition of a private hospital in Oman.
Advising various E&P companies on the acquisition of interests in the Khazzan and Mukhaizna natural gas and oil fields in Oman.
Advising Coca Cola Export on the corporate restructuring of its Omani business.
Advising Vertex Pharmaceuticals on its operations in Oman including advice in connection with Oman – USA free trade agreement.