Baker McKenzie Acquires Majority Stake In Abdulaziz Alajlan; Now Named Baker McKenzie Law Firm
It has been granted a Regional Headquarters license by Saudi Arabia’s Ministry for Investment
Baker McKenzie Acquires Majority Stake In Abdulaziz Alajlan; Now Named Baker McKenzie Law Firm
It has been granted a Regional Headquarters license by Saudi Arabia’s Ministry for Investment.
Baker McKenzie has acquired a majority interest in its associated firm Abdulaziz Alajlan & Partners. Henceforth, it will be known as Baker McKenzie Law Firm.
Since the 1970s, Baker McKenzie has been active, directly or in cooperation with local law firms, in Saudi Arabia and the Middle East and North Africa (MENA) region.
Granted a Regional Headquarters (RHQ) license by Saudi Arabia’s Ministry for Investment and with eight offices in the region, including two in Riyadh and Jeddah, the firm’s RHQ will be based in Riyadh and managed by Karim Nassar.
Milton Cheng, the Global Chair of Baker McKenzie remarked, “The developments demonstrate our commitment to this fast-growing economic hub and are further evidence of our continued investment in the MENA region.”
The Riyadh-based Partner Abdulrahman AlAjlan added, “We are pleased with the long and close collaboration with Baker McKenzie, which has culminated today with their direct acquisition of a majority stake in our law firm. The acquisition will contribute to the transfer of international legal knowledge and expertise to the Kingdom of Saudi Arabia and the region.”
Legal Advisors, Abdulaziz Alajlan & Partners has provided clients with a full-service offering around cross-border matters, including multinational mergers and acquisitions, international finance and complex litigation.
The lawyers in the firm’s Riyadh and Jeddah offices regularly collaborate with international legal experts from more than 70 Baker McKenzie offices and affiliated firms globally. This is to help Saudi Arabian businesses, multinationals and financial institutions achieve their business objectives in the MENA region and globally.