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AS&H in co-operation with Clifford Chance advises National Agricultural Development Company (NADEC) on strategic acquisition in the food and beverage sector

12 April 2018

AS&H in co-operation with Clifford Chance advises National Agricultural Development Company (NADEC) on strategic acquisition in the food and beverage sector

Abuhimed AlSheikh AlHagbani (AS&H) in co-operation with Clifford Chance advised NADEC on the acquisition of Al Safi Danone Company (ASD). This transaction will reinforce NADEC's position as a leading regional dairy and beverage player.

Commenting on the transaction, Eng. Abdulaziz Al Babtain, Managing Director of NADEC, said "We are delighted to announce this Transaction and believe it will better position NADEC by creating a strong player in the KSA dairy market and reinforcing its status as a leading regional dairy and beverage company. We were delighted to work with AS&H Law Firm in co-operation with Clifford Chance on this deal given their Saudi law expertise and knowledge of public transactions".

AS&H Partner, Majid Al-Sheikh remarked: "We are delighted to have supported NADEC on such a strategic transaction, helping NADEC support future growth and development."

The team was led by Majid Al-Sheikh (AS&H Partner, Head of Corporate, Riyadh) supported by Daniel Royle (Clifford Chance Counsel seconded to AS&H), Basel Al-Hadidi (Clifford Chance Associate seconded to AS&H), Naif Alosaymi (AS&H Associate), Mais Alomar (AS&H Associate), Haifa Al-Damegh (AS&H Associate), Adnan Syed (Clifford Chance Associate seconded to AS&H) and Rizwan Butt (Clifford Chance Associate seconded to AS&H).

AS&H in co-operation with Clifford Chance regularly advises Saudi and international clients on their strategic transactions in the Kingdom of Saudi Arabia. It has also recently advised Cosumar on its first equity investment in the Kingdom in a greenfield sugar refinery project in Yanbu and Savola Group on Saudi Arabia's first accelerated book-built block trade.