A&O advises on sale of stake in The Saudi British Bank in rare accelerated bookbuild
14 September 2020
A team of A&O lawyers based across London and Dubai have advised NatWest Markets plc and Banco Santander S.A. in connection with their USD200 million disposal of shares in Tadawul listed The Saudi British Bank by way of an accelerated bookbuild.
Ben Ward, one of the lead partners advising, comments: “This deal involved developing a complex structure, for a transaction which is unprecedented in the Kingdom of Saudi Arabia in terms of both size and profile. We were very pleased to bring our international capabilities and expertise to bear on it.”
The A&O team was led by Corporate partners Ben Ward in Dubai and Michael Bloch and Seth Jones in London. They were supported by associates Aria Howorth Oram in London and Ruqaiya Ali in Dubai. Associates Alejandro Grima and Jaime Begara in Madrid also advised. Khoshaim & Associates advised on Saudi Arabian aspects.