Hourani advises Rahaal in strategic logistics acquisition
Hourani & Partners advised Aljozoor Alrasekha Trucking Company (Rahaal), a wholly owned unit of United International Transportation Co (Budget Saudi), on its acquisition of stakes in Overseas Development Co. Ltd’s subsidiaries in Saudi Arabia, the United Arab Emirates, and Kuwait.
Overseas Development Co. Ltd is a prominent provider of industry-specific logistics, shipping, and freight services across multiple regions, including the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, and Lebanon. With a comprehensive suite of services encompassing customs brokerage and insurance solutions for sea, land, and air shipments, Overseas Development Co. Ltd has established itself as a key player in the logistics sector.
The strategic acquisition by Rahaal is poised to enhance its market position and bolster its service offerings in response to the growing demand for logistics services across the region.
The transaction was led by Partner Hayel Hourani with support from team members, Mustafa Kamal*, Khalid Alhamdan*, Ellen Ray, and Sophia Niazi.
Write a comment: