{"id":18279,"date":"2022-01-23T09:47:50","date_gmt":"2022-01-23T05:47:50","guid":{"rendered":"https:\/\/houranipartners.com\/staging\/?p=18279"},"modified":"2024-05-31T15:19:16","modified_gmt":"2024-05-31T11:19:16","slug":"budget-saudi-announces-acquisition-of-al-jazeera-equipment-company-limited","status":"publish","type":"post","link":"https:\/\/houranipartners.com\/staging\/budget-saudi-announces-acquisition-of-al-jazeera-equipment-company-limited\/","title":{"rendered":"Hourani advises Budget Saudi on SAR 500m leasing acquisition"},"content":{"rendered":"
<\/div><\/div>\n

Hourani & Partners is advising United International Transportation Company (Budget Saudi) in its SAR 500m acquisition of Al-Jazeera Equipment Company Limited. The acquisition was structured through a capital increase, with new shares issued to the selling shareholder of Al-Jazeera Equipment Company Limited, known as AutoWorld.<\/h4>\n

 <\/p>\n

Once completed, this deal will mark the largest acquisition in Budget Saudi’s history, pending necessary regulatory and shareholder approvals. The acquisition positions Budget Saudi for sustainable growth, enhanced competitiveness, and increased shareholder value. With over 100 locations across Saudi Arabia, Budget Saudi is a leader in the long-term car lease market.<\/p>\n

AutoWorld, a leading privately held operational leasing company based in Al-Khobar, brings valuable expertise and resources to this partnership.<\/p>\n

The transaction was led by partner Hayel Hourani, with support from counsels Mine Sekmen and Mustafa Kamal*, senior associates Khalid Alhamdan*, Shakir Mabrur, and associates Lea Hage Chahine and Sophia Niazi.
\n 
\n*Member of ZH Partners \u2013 Relationship firm in Saudi Arabia<\/style>\n","protected":false},"excerpt":{"rendered":"

Hourani & Partners is advising United International Transportation Company (Budget Saudi) in its SAR 500m acquisition of Al-Jazeera Equipment Company Limited. The acquisition was structured through a capital increase, with new shares issued to the selling shareholder of Al-Jazeera Equipment Company Limited, known as AutoWorld.   Once completed, this deal will mark the largest acquisition…<\/p>\n","protected":false},"author":1,"featured_media":18315,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":[],"categories":[97],"tags":[185,296,300,299,295,301],"acf":[],"yoast_head":"\nHourani advises Budget Saudi on SAR 500m leasing acquisition - Hourani & Partners<\/title>\n<meta name=\"description\" content=\"Hourani & Partners is advising United International Transportation Company (Budget Saudi) in its SAR 500m acquisition of Al-Jazeera Equipment Company Limited. 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