Commercial, corporate and M&A in Oman

Addleshaw Goddard

Addleshaw Goddard  is 'one of the premier legal firms in Oman' with 'a very strong commercial team' consisting of both expat and local Omani lawyers with 'very strong ties with local ministries in the Sultanate'. The 'extremely diligent and knowledgeable' Oliver Stevens leads the practice and is regularly instructed on big-ticket corporate and M&A deals; his recent work includes advising Alizz Islamic Bank on its proposed or merger with Oman Arab Bank. Stevens is typically supported by corporate partner Nasser Al Habsi and associate Ma’athir Al Busaidi, who 'never hesitates in answering queries' and 'goes out of her way to answer any questions'.

Practice head(s):

Oliver Stevens

Testimonials

‘The A&G team in Oman have the following the qualities:- excellent communication- exceptional legal knowledge – fast response / turn around times – full transparency on costings.’

One of the premier legal firms in Oman.

A very strong commercial team.

Very strong ties with local ministries in the Sultanate.

‘Overall, excellent and very personable team to work with who are always readily available.’

‘Dedicated, knowledgeable and experienced team of individuals.’

‘Oliver and his team are very helpful, active, and are available when you need them. Their strength lies in their personalised and friendly service. It is very professional yet in a very friendly manner.’

‘Oliver is a very friendly and down to earth person. He represented us well in the negotiations in our deals. He is prompt in returning the work required from him. Very understanding when it comes to fees, and favours providing quality work over trying to save money if he reaches his cap on fees.’

‘I would highly recommend his services for all M&A related activities. He always made time for our engagement and no request was ever too much.’

‘Extremely personable and very easy to work with. Communication throughout was a strength, alongside transparency of costs. The team at Addleshaws are my ‘go to’ lawyers for support in day-to-day corporate and commercial matters in Oman.’

‘They have a thorough understanding of the law, coupled with good dual Arabic/English lawyers for effective management of legal matters in this jurisdiction. They are all very responsive and eager to please.’

‘Oliver Stevens is always quick to respond to queries, whether large or small and regularly works overtime to deliver an advice on time. He has a thorough knowledge of the law in Oman, coupled with practical knowledge about the realities of working in this jurisdiction.’

Oliver Stevens is extremely diligent and knowledgeable.

Ma’athir Al Busaidi never hesitates in answering queries.

Ma’athir Al Busaidi goes out of her way to answer any questions.

Work highlights

  • Advised WorleyParsons on its $4.6bn acquisition of Jacobs’ Energy, Chemicals & Resources division.
  • Advised DP World on its $1.08bn acquisition of Topaz Energy and Marine.
  • Advised the shareholders of Aatco Food Industries on its sale to Kerry Foods.

Al Busaidy, Mansoor Jamal & Co

Al Busaidy, Mansoor Jamal & Co has 'a market-leading practice in Oman' with 'strength in depth across the board' and 'standout individuals'. One such individual is Mansoor Jamal Malik, who is 'hugely respected and knowledgeable' and 'although always in demand he is highly responsive and approachable'. He recently advised Renaissance Services on the sale of its offshore support vessel to Topaz Energy and Marine Bermuda.  Another key member of the team is Ardeshir D Patel, who is 'technically excellent' with 'a real pragmatic "can do" attitude'.  He advised Sojitz Global Investments B.V on the Omani aspects of its merger with other Dutch companies which owned power companies in the region. Also highly regarded is Ahmed Hashim, who works on M&A and capital market transactions, and senior associate Mir Nasar Ahmad, who is experienced in cross- border M&A.

Practice head(s):

Mansoor Jamal Malik

Testimonials

‘Market-leading practice in Oman with strength in depth across the board and standout individuals.’

‘A market-leading practice in Oman.’

‘They step into the shoes of clients and provide the solution – this may not necessarily be to the liking of the client but the solution is best suited to the client’s circumstances.’

‘Professionalism and accuracy of information.’

‘Mansoor Jamal Malik is hugely respected and knowledgeable. Although always in demand he is highly responsive and approachable.’

‘Ardeshir Patel is technically excellent combined with a real pragmatic “can do” attitude. Very solutions driven and practical.’

‘The team members I interacted with were very professional and very supportive.’

Work highlights

  • Acted for Nama Holding on all aspects connected with the partial privatisation of the electricity sector through the sale by Nama Holding of up to 49% of the shares in Oman Electricity Transmission Company SAOC and up to 70% of the shares in each of Nama Holding’s four distribution and supply companies.
  • Advised Tanmia and IDO on the establishment of a company to own, operate and develop Oman’s first digital oilfield platform which provides innovative services to improve the efficiency of oil and gas company operations.
  • Advised Gulf Investment Services on an acquisition of the shares of a minority shareholder in Gulf Baader Capital Markets SAOC in order for the company to become a wholly owned subsidiary of the client.

Al Tamimi & Company

International law firms regularly select Al Tamimi & Company as local counsel on major cross-border transactions involving Oman. In one example, practice head Ahmed Al Barwani was instructed by Ashurst on Mitsui's acquisition of various oil and gas blocks in Oman. He was also instructed by Dechert LLP on American Express Global Business Travel Services' purchase of 65% of the shares in a joint venture company controlled by Kanoo Travel Services. Senior associate Arif Mawany, who focuses on the healthcare, retail and telecoms sectors, is also noted.

Practice head(s):

Ahmed Al Barwani 

Work highlights

  • Advised Aster on its 60% acquisition of shares in Oman Al Khair hospital, a leading private hospital in Oman.
  • Assisted Kerry with its acquisition of AATCO Food Solutions, a food solutions business.
  • Advised Mitsubishi on the acquisition of DVB’s Aviation Finance division, which is a portfolio of aircraft finance assets.

Dentons

Dentons stands out for its work handling major transactions and agreements involving the real estate and financial services sectors. Practice head Nick Simpson advised the real estate developer Damac International on Oman’s first residential and commercial port development which has an estimated value of $1bn. He also assisted Arabian Sea City Company with its $1bn investment into a new international tourism complex in Salalah, Oman. Bank Dhofar is also a key client. The team has been further strengthened by the arrival of Jamie Gibson from Trowers & Hamlins LLP; Gibson is particularly active in sectors such as energy and natural resources, real estate and manufacturing.

Practice head(s):

Nick Simpson

Key clients

Damac International

Bank Dhofar

UMW

BHD

Arabian Sea City Company

Shareholders of RennaMobile

Oman Next Net

Work highlights

  • Advising UMW,  one of Malaysia’s largest industrial conglomerates, on the disposal of its Omani entity to a foreign investor.
  • Assisted Integrated Telecommunications Oman with the sale of 40% of the share capital in its subsidiary Renna Mobile to Omantel.
  • Advised the real estate developer Damac International on Oman’s first residential and commercial port development which has an estimated value of $1bn.

Al Alawi & Co. Advocates & Legal Consultants

Al Alawi & Co. Advocates & Legal Consultants is particularly prominent in advising on the corporate and commercial aspects behind major power and infrastructure projects. Testament to this is its recent advice to Oman Power & Water Procurement Company on the procurement elements of Oman’s first clean coal-fired independent power project. Sahil Taneja heads the team and advises on M&A, restructurings and general advisory matters. Founding partner Ali Khamis Al Alawi and managing partner Al Hassan Al Alawi are also an integral part of the team and advise on general corporate and commercial issues.

Practice head(s):

Sahil Taneja 

Testimonials

‘Very good knowledge in distribution and competition law. Sahil Taneja is always available and delivers high value advice.’

‘Sahil Taneja has been a continuous support over the years to us. He is capable of dealing with a variety of topics in a fair and effective manner.’

Key clients

Salalah Free Zone Company

Oman Investment Fund

Qatar National Bank

Majan Glass Company

Shumookh Al Sharqiya Construction & Investment

Oman Power and Water Procurement Company

Oman Global Logistics Group

Al Rimal Mining LLC

Oman Arab Bank

Talabat Electronic & Delivery Services LLC

Work highlights

  • Advising Shumookh Al Sharqiya Construction & Investment LLC on the commercial agreements surrounding the City Walk Project.
  • Assisted Oman Power & Water Procurement Company with the procurement elements of Oman’s first clean coal-fired independent power project.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP advises a number of key public bodies on transactions and general corporate issues. Leopold Zentner leads the practice and is very experienced in M&A, restructurings and joint ventures. Another key figure is Zainab Aziz, who advised Oman National Investment Corporation on its acquisition of a stake in a Singaporean private equity fund.

Practice head(s):

Leopold Zentner

Key clients

National Finance Company

OMINVEST

Mazoon Dairy Company

Majis

Oman Oil Marketing

A’Namaa Poultry Co

Oman Broadband Company

Oman Aquaculture Development Company

Blue Waters

Oman Shrimp Aquaculture

Oman Technology Fund

Octal NoMajis

Work highlights

  • Advising Ominvest on a wide range of investment, new projects, corporate governance and regulatory matters during the year.
  • Assisting with project documents for Mazoon Dairy Company concerning a dairy project with a capital outlay of $306m.
  • Advising on project documents for A’Namaa Poultry concerning a dairy project with a capital outlay of $259m.

BSA Al Rashdi & Al Barwani Advocates & Legal Consultants in Association with BSA Ahmad Bin Hezeem & Associates LLP

Bin Shabib, Al Rashdi & Al Barwani Advocates and Legal Consultants is highly skilled in M&A, resutructuring and joint ventures. Key sector strengths include healthcare, financial services, and oil and gas. Mundhir Al Barwani and Abdulaziz Alrashdi are the key names of note.

Clyde & Co LLP

Clyde & Co LLP's corporate team in Muscat has been significantly strengthened by the addition of Paul Sheridan, who has 'an unrivaled reputation throughout both government and business circles in Oman built up over 35 years of active engagement'. Practice head Marla Valdez continues to have a strong presence in the energy and mining sector.  As an international firm, the also 'has the capacity to bring in specialist expertise as necessary'.

Practice head(s):

Paul Sheridan

Key clients

Majis Industrial Services SAOC

NMC Healthcare

Oman Investment Corporation

Arla Foods Amba

Said Al-Shahry & Partners (SASLO)

The 'very experienced' Said Al-Shahry & Partners (SASLO) advises across a plethora of industries and acts for both local and international clients.  Practice head Thamer Al Shahry is 'calm' and stands out for his 'sharp legal aptitude and acumen' for M&A and restructurings. One key example of his work was  advising Oman Air on the proposed corporatisation of its ground-handling and hospitality business divisions. The team has been significantly strengthened by the addition of Graham Mouat, who recently joined Al Busaidy, Mansoor Jamal & Co; he recently advised FedEx on establishing its local presence in Oman. Managing partner Said Al-Shary is also highly regarded.

Practice head(s):

Thamer Al Shahry

Testimonials

‘I was impressed with quality, detailed step by step practical guide and relevant content provided in the requested due diligence report provided for a restructuring project, after only attending a single hour briefing on the proposed transaction.’

Very experienced.

‘The team’s experience was evident in the low number of charged research hours and the practical advice provided.’

‘Graham Mouat does not stop at legal interpretation but is capable of thinking outside the box and providing an alternative to overcome forecasted legal or practical challenges.’

Thamer Al Shahry has a sharp legal aptitude and acumen.

‘They are always aligned with the business requirements of the client and understand the requirements from a business perspective.’

Key clients

Abengoa

Abu Dhabi Fertilizer Co. LLC

ACWA Power Barka SAOG

Ahli Bank

Ahli United Bank

Al Asilah Desalination Company

Al Fair LLC

Al Ghubra Power & Desalination Co.

Al Hilal Mena Fund

Al Jizzi Transformers & Switchgears

Al Maha Ceramics Company

Al Rajhi for Development – Oman

Amazon

Automobili Lamborghini S.p.A.

Baader Bank AG

Bank Muscat SAOG

Barka Desalination Company SAOC

Barwa Bank

Capital Market Authority

CB&I (Chicago Bridge & Iron Co.LLC)

Dhofar Power Company SAOC

Embassy of the United States of America

Facebook

Fedex Express International

Frames Process Systems BV

Frontier Investment Management Partners Ltd.

Genoyer SAS

Global Technologies

Gulf Air

HSBC Bank Oman SAOC

Huawei

Kunooz Oman Holding SAOC

Lighting Technology Factory

Muscat Electricity Distribution Company SAOC

Muscat University

Nestlé Middle East FZE

Octal SAOC FZC

Oman Air SAOC

Oman Aviation Services SAOC 1

Oman Broadband Company SAOC

Oman Development Bank SAOC

Oman Drydock Company SAOC

Oman Global Logistics Group SAOC

Oman Growth Fund

Oman India Fertilizer Company SAOC

Oman Oil Marketing Company SAOG

Oman Oil Refineries and Petroleum Industries Company SAOC

Oman Qatar Insurance Company

Oman Shapoorji Company LLC

Oman Shipping Company SAOC

Oman Tourism Development Company SAOC

Omani Authority for Partnership for Development

Port of Duqm Company

Qurayyat Desalination

Renault Trucks

Roadbridge Construction Oman LLC

Rolls Royce Power Systems AG

Royal Opera House Muscat

Rural Areas Electricity Company SAOC (TANWEER) 13 No

Salalah Gases Co. LLC

Seven Seas Water Corporation

SCHLUMBERGER

Shell Oman Marketing Company SAOG

Siemens LLC

Sri Lankan Airlines Limited

STFA Yatirim Holding A.S.

Target Group of Companies

VIP Investment Holdings

Volvo Trucks

WJ Towel & Co. LLC

Work highlights

  • Advised on the incorporation of Madinat Al-Irfan Joint Venture Company between Omran and Majid Al Futtaim, the largest urban development project in Oman.
  • Advised on the restructuring of Burj Oman LLC, a leading local business group.
  • Assisting Dhofar Power Company with the structuring and implementation of its debt management system.