ASAR acted as Bahrain legal counsel to Ma’aden in its acquisition of 292.8 million shares in Aluminium Bahrain (ALBA) from SABIC Industrial Investment Company. The transaction, valued at BHD 363 million, was executed via block sale on Bahrain Bourse and represents 20.62% of ALBA’s share capital.
One of the largest transactions in the exchange’s history, this deal highlights the continued strength of Bahrain’s capital markets and the confidence of global investors in the jurisdiction.
ASAR’s team, which was led on this transaction by Simone Del Nevo (Partner), with key contributions from David Walker (partner) and Rahul Sud (Senior Associate), provided comprehensive legal support. Their expertise in corporate, regulatory, and capital markets matters ensured a seamless execution for our client. ASAR worked in collaboration with AS&H Clifford Chance, which acted as Saudi and international counsel to Ma’aden.
With a deep understanding of complex transactions and evolving market dynamics, ASAR continues to support clients in navigating high-value deals with confidence.
Congratulations to all involved in this significant transaction!