Dhabaan & Partners in association with Eversheds, provides strategic counsel for Alkhabeer as it acquires a majority share in the Riyadh-based Rihab Al Maarifa Company
Riyadh, Saudi Arabia: November 29, 2016: Dhabaan & Partners in association with Eversheds lawyers announced today the success of their representation of Alkhabeer Capital in the acquisition of Rihab Al Maarifa Company.
The team of Dhabaan & Partners in association with Eversheds lawyers representing Alkhabeer Capital was led by partner, Fahad AlDehais with support from principle associate, Anmar AlGharifi and projects manager, Khalid Suleiman. The firm has one of the largest mergers and acquisitions and corporate commercial practices in Saudi Arabia.
This acquisition supports the Kingdom's Vision 2030, which also put education at the top of its strategic goals by ensuring finance continues to flow into the education sector in Saudi Arabia.
Fahad AlDehais, Partner and General Manager of Saudi Arabia said: “We are honored to be one of the continuously considered teams when it comes to mergers and acquisition in Saudi Arabia and the Middle East. We were able to align Alkhabeer Capital’s strategic goal with our deep knowledge of Saudi laws, regulations and practices to ensure that the deal went through seamlessly. We look forward to a flourishing relationship with Alkhabeer Capital supporting many more M&A deals in Riyadh.”
Rihab Al Maarifa Co Riyadh, a Riyadh-based company that manages an educational complex, accommodating more than five thousand students, composed of six buildings in Yarmouk District in eastern Riyadh, including lectures halls, laboratories, and a stadium designed with special specifications. It specializes in educational services for kindergarten to high school level.
About Dhabaan & Partners in association with Eversheds
Dhabaan & Partners will be celebrating its 20th year anniversary in 2017, and has its association with Eversheds for more than 5 years now. It is one of the leading Saudi based law firms representing clients from across the spectrum whether government or privately held clients, listed or closely held and local or international ones. Eversheds has more than 100 lawyers in the GCC and Levant across 6 offices, and more than 2,000 across 55 offices globally with field specific experiences and award winning practices.
About Alkhabeer Capital
Alkhabeer Capital is an asset management and alternative investments firm providing worldclass investment products and services that endeavors to help institutions, family groups and qualified investors in ways that deliver real and enduring economic value. Our Shari‘ah-compliant products and services are built upon strong deal sourcing that is distinguished by executional vigor, attractive values, and a profound understanding of clients’ needs and risk profiles.
© Press Release 2016