New Legal Powerhouse Emerges in Saudi Arabia as ALC & Mithaq Forge Joint Venture
New Legal Powerhouse Emerges in Saudi Arabia as ALC & Mithaq Forge Joint Venture
ALC Alieldean Weshahi & Partners and Saudi firm Mithaq Law Office have joined forces to launch a joint venture law office in Riyadh, Saudi Arabia. This strategic partnership aims to support the diverse legal needs of both foreign and Saudi investors seeking opportunities in the Kingdom, while also guiding Saudi companies navigating international legal complexities. With combined expertise in areas like venture capital, real estate, and infrastructure, the new office is positioned to become a leading player in the region's dynamic legal landscape.
Assembling a team of 20 multilingual professionals in Riyadh, Mithaq Law Firm in Association with ALC Alieldean Weshahi and Partners is poised to become a regional legal powerhouse. This dynamic partnership promises to cater to diverse legal needs in Saudi Arabia and beyond. Notably, the firm gains access to the renowned Grimaldi Alliance, a global network of over 2,000 legal professionals across 70 jurisdictions, providing clients with unparalleled reach and expertise.
“This unique firm and its partnership with Grimaldi will create a GA Saudi one-stop shop for the corporate law needs of clients in Saudi Arabia and beyond,” Francesco Sciaudone, Managing Partner of Grimaldi Alliance, said about the collaboration.
The joint venture's leadership team comprises prominent Saudi lawyers Abdulrahman Al Fuhaid and Ziyad Al Qassim from Mithaq Law Office, alongside partners Bahaa Alieldean and Ahmed Weshahi from ALC. The team will also benefit from the expertise of international professionals from the Grimaldi Alliance.
Bahaa Alieldean, Senior and Managing Partner at ALC Alieldean Weshahi & Partners, underscored the strategic importance of the joint venture, asserting its comprehensive service coverage. He highlighted how the partnership will cater to both global companies seeking entry into the Kingdom and Saudi companies venturing abroad, offering expertise across a diverse range of legal spheres, from large-scale projects and mergers and acquisitions to capital market transactions and intricate arbitration matters.
“Together with our partners at ALC and Grimaldi, we will build on the Kingdom’s growing trade and investment ties in the Arab world and, increasingly, in Asia and Europe. No other economy in the world holds the diversity of opportunities today as does Saudi Arabia,” Ziyad Al Qassim, Senior Partner at Mithaq Law Firm, said.
The launch was marked by a grand opening event at Al Zarqaa Majlis in Riyadh. The evening saw the partners and 35 lawyers of the new firm warmly welcoming senior executives and shareholders of major Saudi clients, fostering connections and building trust.
The event resonated with the Kingdom's ambitious vision of expanding its global trade and investment ties. Recent initiatives like trade liberalisation talks and agreements with countries like South Korea, China, Japan, and the United Kingdom are paving the way for a more interconnected future. Mithaq Law Firm, with its combined expertise and international reach, is poised to play a vital role in facilitating this growth.
