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STAT Law Firm

Riyadh Office

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This content is provided by STAT Law Firm.

Managing Partner: Yazeed Altoaimi
Number of partners: 5
Number of lawyers: 21
Languages: Arabic, English, French, Slovac

Firm Overview:
With five partners, one counsel and over a dozen associates, STAT has one of the largest teams on-the-ground in Saudi Arabia, offering Saudi and international clients a dedicated and experienced team of Saudi, English and New York qualified lawyers. The firm’s lawyers have all been trained at large international law firms in Saudi Arabia, the USA, Europe and other countries in the Middle East, and most lawyers are dual educated. STAT ranked the best law firm in Saudi Arabia pursuant to 2017 IFLR Middle East Awards and emeafinance Middle East Banking Awards 2017

Main Areas of Practice:

Capital Markets
4 partners and additional 6 fee earners based in Riyadh:
■  Current representation of Theeb Rent a Car Company in connection with its IPO on the Saudi Stock Exchange.
■ Representation of Saudi Fransi Capital, ANB Invest, Al-Rajhi Capital, Aljazira Capital, Riyad Capital and Alinma Investment on SAR 4.5 billion (US$1.2 billion) rights issue of Mobile Telecommunication Company Saudi Arabia (ZAIN KSA).
■ Representation of Alkhorayef Water & Power Technologies in connection with its SAR 540 million IPO on the Saudi Stock Exchange.
■ Representation of Alistithmar Capital for Financial Securities and Brokerage Company (Alistithmar Capital) in connection with (i) the establishment Kaden Investment Fund, a private real estate investment fund and (ii) the acquisition by the fund of SAR 2 billion income-generating real estate properties in the Riyadh, Kingdom of Saudi Arabia.
■ Representation of Saudi Fransi Capital, in its capacity as fund manager of Taleem REIT, in connection with the fund’s acquisition of SAR 92 million real estate income generating education property in the Kingdom.
■ Representation of Nusaned Fund, a joint fund of SABIC Investment and Local Content Development Co. and Saudi Venture Capital Investment Co. (SVCIC), managed by Albilad Capital.
Key Clients: BlackRock, NBK WM, SEDCO Capital, Saudi Fransi Capital, Alistithmar Capital, Albilad Capital, Alpha Capital, Theeb Rent a Car Company, Alkhorayef Water & Power Technologies
Contact Name: ECM: Robert Vydra
Tel: +966 55 001 5326
Email: [email protected]
Investment Funds: Mishari Alabbad
Tel: +966 11 272 0003
Email: [email protected]

Banking & Finance
2 partners and additional 6fee earners based in Riyadh:
■ Representation of SEDCO Capital and Saudi Economic and Development Company for Real Estate Funds in relation to a secured SAR 1,050,000,000 murabaha facility made available to it by Al Rajhi Banking and Investment Corporation for real estate acquisition purposes.
■ Representation of the National Commercial Bank (NCB) in relation to a SAR 300,000,000 Shariah-compliant facility in connection with real estate investments by a conglomerate based in Jeddah, KSA.
■ Representation of Alistithmar Capital, in its capacity as fund manager, in relation to a secured SAR 800,000,000 Shariah compliant facility made available to it by Saudi Investment Bank to finance the acquisition of certain real estate assets.
Key Clients: Alistithmar Capital, JP Morgan, Bank Albilad, SEDCO Capital, National Commercial Bank, Saudi Real Estate Refinancing Company
Contact Name: Faris Alamoudi
Tel: +966 11 272 0003
Email: [email protected]
Contact Name: Zeyad Alsalloum
Tel: +966 11 272 0003
Email: [email protected]

Corporate/M&A
3 partners and additional 7 fee earners based in Riyadh:
■ Representation of the selling shareholders in connection the SAR 98 million sale of their entire interest in Academic City Schools to a Saudi Arabian private equity fund.
■ Representation of Industrialization and Energy Services Company (TAQA) in connection with the acquisition of equity stake in several companies. ■ Representation of Awqaf Investment Company in its joint venture with Dur Hospitality to develop a SAR 250 Million hotel in Medina.
Key Clients: Industrialization and Energy Services Company (TAQA), Awqaf Investment Company, Riyadh International Catering Company, Riyadh Airports Company.
Contact Name: Yazeed Altoaimi
Tel: +966 11 272 0003
Email: [email protected]
Contact Name: Robert Vydra
Tel: +966 55 001 5326
Email: [email protected]
Contact Name: Mishari Alabbad
Tel: +966 11 272 0003
Email: [email protected]

Regulatory
1 partner and additional 4 fee earners based in Riyadh:
■ Drafting new business licenses law and advising a government entity on business licenses reforms.
■ Advising a government entity on its transformation plan.
■ Advising a government entity on its set-up and internal policies.
Contact Name: Yazeed Altoaimi
Tel: +966 11 272 0003
Email: [email protected]