Practices
Sectors
Country Groups
Find a Lawyer

Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.

Find out more

Sustainable Horizons: The Saudi Arabian Vision

We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.

For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.

There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.

Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.

Read the full edition

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

A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.

Today's news and tomorrow's trends from around the region.

17 offices across the Middle East & North Africa.

Cancel
Find out more

Our Firm Back

Our Services Back

Our Knowledge Back

Our Offices Back

Published: Jan 17, 2019

Al Tamimi advises on landmark share repurchase programme on Nasdaq Dubai

Al Tamimi’s Equity Capital Markets team has advised on a USD 4.5 million share repurchase programme for a UK plc listed on Nasdaq Dubai, one of the very few share repurchase programmes that has been carried out for a listed company since the inception of the exchange.

Al Tamimi provided legal and regulatory advice to BLME Holdings plc in relation to a share repurchase programme. The advisory role involved discussions with the DFSA and Nasdaq Dubai on the unique structure of the programme, which was required in order to enable BLME Holdings plc to complete the programme whilst complying with the applicable legal and regulatory requirements of each of the DFSA, Nasdaq Dubai and the UK Companies Act 2006 and to facilitate the programme to be carried out as an off-market repurchase rather than a tender offer.

The firm’s Equity Capital Markets team is led by partner Andrew Tarbuck, who added “The Al Tamimi ECM team is delighted to be involved once again on complex cross-border transactions involving public companies listed in the UAE.  The share buy-back for our Nasdaq Dubai listed client, BLME, is a good liquidity event for their existing shareholders”.