AI Arabia acquires Faden Media
Arabian Contracting Services Company (Al Arabia), a Saudi listed company, acquired the entire share capital of Faden Media and Advertising Company (Faden Media) for SAR 1.05 billion. The transaction represents an extension of Al Arabia’s growth strategy, forming profitable local and regional partnerships to maintain its market-leading position. Clyde & Co acted as lead counsel to AI Arabia, with a cross-practice and cross-jurisdictional team led by corporate partner Rizwan Osman.
“We are delighted to have supported Al Arabia on this strategic growth transaction. Acting as lead external legal counsel, our effective collaboration and extensive experience enabled us to reach a successful outcome on this complex transaction.”
