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Saudi Arabia, Buildings

Apr 03, 2018

Overview of Public Merger & Acquisition Regulations in the Kingdom of Saudi Arabia

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Since the introduction by the Capital Market Authority (the “CMA”) of the Kingdom of Saudi Arabia (the “Kingdom”) of the Merger and Acquisition Regulations approved by the Board of the CMA pursuant to its Resolution No. 1-5-2007 dated 21/09/1428H (corresponding to 3 October 2007), there has been only one public M&A transaction: Almarai’s acquisition of Hail Agriculture Development Company in 2009. The public M&A market of the Kingdom remains largely undeveloped. However, recent changes to the regulatory regime and market activity  indicate that there is growing anticipation that public M&A transactions will boost the deal activity in the Kingdom in the coming period. This note provides a high-level overview of the current regulatory regime of the Kingdom governing public M&A transactions.

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Authors and Contributors

Marwan Elaraby

Partner

Capital Markets

+971 4 249 2123

+971 4 249 2123

+971 2 410 8123

+971 2 410 8123

Dubai

Dr. Sultan Almasoud

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

Riyadh

Sanjarbek Abdukhalilov

Partner

Mergers & Acquisitions

+966 11 213 7802

+966 11 213 7802

Riyadh

Iain Elder

Partner

Project Development & Finance

+44 20 7655 5125

+44 20 7655 5125

+971 2 410 8100

+971 2 410 8100

London

Rodney Cannon

Partner

Mergers & Acquisitions

+971 2 249 2126

+971 2 249 2126

Dubai

Matthew Powell

Partner

Mergers & Acquisitions

+971 2 410 8125

+971 2 410 8125

+971 4 249 2125

+971 4 249 2125

Abu Dhabi

Brendan Hundt

Counsel

Project Development & Finance

+966 11 213 7805

+966 11 213 7805

+971 2 249 2160

+971 2 249 2160

Riyadh

Regional Experience