Arabian Contracting Services Company, a Saudi-listed company, has acquired the entire capital of Faden Advertising and Media Company (Faden) for SAR 1,05 billion. This transaction is an extension of Al Arabia’s growth strategy. It involves forming profitable partnerships in local and regional markets to maintain the company’s market leadership. Clyde & Co acted for AI Arabia as the lead counsel, with a team of lawyers from across practice areas and jurisdictions led by Rizwan Osman.
We are pleased to have assisted Al Arabia in this strategic growth deal. As lead external legal counsel for this complex transaction, our extensive experience and effective collaboration enabled us to achieve a successful result.