Hourani & Partners advised United International Transportation Co. (Budget Saudi) with respect to its obtaining the Capital Market Authority’s (CMA) approval to increase Budget Saudi’s capital from SAR 711,666,680 to SAR 781,666,680 by issuing SAR 7m ordinary shares to acquire all shares of Al-Jazira Equipment Company Limited (AutoWorld), through its subsidiary Aljozoor Alrasekha Trucking Co…
The recent wave of mergers and acquisitions in the Middle East, prompted by increased investment in the region, have compelled a significant evolution of antitrust and competition laws in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). Both countries have adopted both a proactive and reactive approach to merger control and…
The Saudi Arabian General Authority for Competition (GAC) has most recently released its annual report for 2022 (the Annual Report), shedding light on the enforcement actions taken against violators of the Competition Law (Royal Decree No. M75/1440 and its Implementing Regulations (issued by the Board of Directors of the GAC on 24/09/2019, as amended from…
Hourani & Partners’ Tax and International Trade team, in collaboration with STI Taxand, a tax firm that is exclusively practicing in the field of international tax, hosted a breakfast seminar entitled ‘International Perspective of UAE Taxation: Transfer Pricing and Tax Treaties’. Led by Hourani’s Head of Tax & International Trade, Zain Satardien, the session offered…
