CORPORATE STRUCTURING EXPERTISE
At KLA Firm, we understand the paramount importance of a well-planned structure for a new corporation, and equally when restructuring an existing business. Our legal expertise and practical knowledge of the ins-and-outs of corporate structuring gives our clients the upper-hand in the market. Furthermore, our relentless pursuit of trial readiness ensures that our clients receive the best possible outcomes, whether through favorable judgments or strategic settlements.
Our representative matters to date include establishing and restructuring the following business entities in Saudi Arabia:
Real Estate Developers
Advising and assisting the following real estate developers on corporate structuring including changing the legal forms from limited liability to closed joint stock companies and conducting a legal due diligence review:
KINAN Company, ALAWALI Company, ALSULAIMAN Real Estate Company, MAWTEN Real Estate Company, AlOlaya Real Estate Company (Saedan Group), First Avenue Company, AlRamz Real Estate Company.
Further, representing the real estate developers in relation to: Conveyancing & Property Financings – Development – Office, Residential & Hotel – Garage & Parking Leasing – Ground Leases – Office Leasing – Real Estate Joint Ventures – Retail Leasing
Engineering Consultancy & EPC
Establishing Five mixed professional companies for engineering consultancy projects being NORR Group (Canadian) – SALFO and Associates SA (Engineering& Management Consultants) (Greece) – Arabtech Jardaneh (Jordan), Intecsa Inarsa and Applus (both Spanish)
Communication & information Technology (CIT)
▪ Establishing Edarat CIT a JV between MIS (Saudi partner) and three lebanese individuals. Recently, we advised and assisted Edarat CIT in
changing its legal form from LLC to closed joint stock company for the purpose of its direct listing on Nomu market.
▪ Assisting and advising Azam CIT in changing its legal form from closed joint stock company to public joint stock company for the purpose
of its direct listing on Nomu market
General Contracting & Construction
- Establishing a branch office for Al-Shaafar General Contracting* (a Dubai based company) and incorporating a joint venture company in partnership with a local company owned by Abu-Nayan and Brothers
- Establishing KSA subsidiary of Special Technical Services LLC (a company headquartered in Sultanate of Oman)
- Establishing KSA subsidiary of DAMAC Properties Developer (a Dubai based company). Assisting Al-Argan Real estate (a Kuwaiti listed company) in the formation of two special purpose companies (SPCs)
- Establishing Hochtief Solutions Saudi Arabia* (a LLC wholly owned by Hochtief Group) and Hochtief Madarij which is a joint venture between Hochtief Solutions Saudi Arabia and Madarij development projects company. The transaction includes drafting side agreements (shareholders agreement and management services contract)
- Establishing a limited liability company wholly owned by Al-Hussam Group (an Abu-Dhabi based company)
- Assisting Permasteelisa Gartner Middle East* (Dubai based company) in establishing a joint venture company with Joseph Gartner Qatar
- Assisting and advising Site Technology Saudi Arabia, which is a subsidiary of the group Site Technology based in Abu Dhabi, in the restructuring and re-allocation of shares
Media, Advertising, and exhibitions
- Advising and assisting HorizonDraftfcb (a US media corporation) on the transfer of part of its shares in its Saudi subsidiary (a limited liability company licensed by SAGIA) to a foreign investor
- Assisting Reed Exhibitions Group in establishing a joint venture company in partnership with a Saudi partner, Al-Fadel Group
Trading (wholesale and Retail)
The KLA team is proudly well-versed in domestic and international trade laws, in relation to both wholesale and retail transactions. Trade enforces global connection with KLA as the bridge between our global clientele and the Kingdom. Our firm has successfully participated in the following transactions:
- Advising Virgin Mobile MEA on the establishment of an MVNO company in partnership with Saudi Telecom Company (STC) and MSN Investment Company
- Assisting Friendi Group in establishing a limited liability company in partnership with MSN Investment Company for the import, sale, distribution and marketing of mobile and communication devices and recharge cards
- Assisting AF International Company (Jebel Ali Free Zone offshore company) in setting-up a limited liability company in joint venture with a Saudi company for import, sale, distribution and marketing of tower cranes
- Advising Saudi Public Warehouses on its conversion to joint stock company and conducting a legal due diligence
F&B
- Restructuring Riyadh International Catering Corporation (RICC), the McDonalds’ Franchisee in KSA
- Representing Riyadh Food Industries Co. on its corporate structuring and proposed conversion from a closed to public joint stock company
Management consultancy & TIC services (Testing, Inspection and Certification)
- Assisting Ford International Business Development Inc. (a subsidiary of Ford Motors Company) in establishing a branch office
- Assisting a German government owned company (GIZ GmbH) in establishing its $50 million Joint Venture with Festo Didactic, providing vocational training and education consultancy services and the formation of a new branch in the Kingdom, as well as to conduct educational, vocational, and training services in the Kingdom
- Establishing a joint venture company (LLC) between Saudi Specialized Laboratories (Motabaqah) and AssureQuality (government owned New Zealand entity) for laboratory testing of food, feed and water, food safety training, and certification services to customers in the Kingdom
- Establishing a joint venture company (LLC) between Saudi Specialized Laboratories (Motabaqah) and a Spanish company for TIC services. This strategical alliance transaction additionally aiding in the sale and transfer of laboratories of Motabaqah, to a separate company owned by Motabaqah and the strategical partner (Spanish company).
Facilities Management
- Assisting Wilbur Smith & Associates Inc. (currently known as CDM smith)* in establishing a branch office
- Assisting Aden Services (Hong Kong based company)* in establishing a limited liability company
*The above representations were handled by our team members prior to joining KLA Law Firm.
Industrial
- Assisting and advising Pacadar (a Spanish industrial co.) on establishing a cement and precast factory in Riyadh city, for the supply of certain materials to the FCC consortium in charge of part of Riyadh Metro Project
- Assisting Reichle & De Massari, a Swiss manufacturing corporation, on the establishment of an industrial company
- Advising Gulf International Building Material Company (Dubai based company) on setting up a branch office for a manufacturing project
- Advising Saudi Malco Group, a joint venture between Al-Tamimi Group and Pain D’or (a Lebanese catering group), on its business operations located in the industrial city (MODON)
- Advising Flexitallic Ltd (a UK company) on its joint venture company