Middle East. Credit: Jag_cz / Adobe StockBaker McKenzie, White & Case, and Latham Lead on Saudi and UAE Deals
The deals underline the growing sophistication of the Middle East’s equity and debt capital markets.
January 08, 2025 at 05:00 AM
3 minute read
Baker McKenzie has advised the Saudi-based food and retail concern Savola Group, a strategic investment holding group across MENAT, on its $1.6 billion rights issue, a capital reduction, and distribution of Savola Group's entire 34.52% stake in Almarai Company.
Following the successful completion of the rights issue in September 2024, Savola has obtained the approval of its extraordinary general meeting on the capital reduction and the distribution of Savola's stake in Almarai Company on 12 December 2024, the firm said in a statement.
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