Meysan Partners represented Allub Industrial Company in Acquisition of 100 Percent Stake in Al Aber Global

Meysan Partners represented Allub Industrial Company in Acquisition of 100 Percent Stake in Al Aber Global

The deal was executed through a scheme of arrangement in accordance with the Saudi Companies Law

The Riyadh office of Meysan Partners has advised Allub Industrial Company in its acquisition of a 100 percent stake in Al Aber Global Industrial Company.

While Allub Industrial is a subsidiary of a prominent Kuwait-based group, Al Aber Global is a leading group operating in transformative industries and construction services in Saudi Arabia.

The acquisition, executed through a scheme of arrangement in accordance with the Saudi Companies Law, will enable Allub to expand its offerings to governmental entities, royal commissions, multinational corporations, and key partners with a new line of industrial and varied services.

Allub Industrial Company was advised by Meysan Partners’ corporate partner Michel G. Ghanem and counsel Neyla Rahal for the deal’s completion.