Commercial, corporate and M&A in Oman
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'.
‘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.‘
- 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 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.
‘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.’
- 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.
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.
- 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 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.
Arabian Sea City Company
Shareholders of RennaMobile
Oman Next Net
- 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 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.
‘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.’
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
- 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 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.
National Finance Company
Mazoon Dairy Company
Oman Oil Marketing
A’Namaa Poultry Co
Oman Broadband Company
Oman Aquaculture Development Company
Oman Shrimp Aquaculture
Oman Technology Fund
- 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'.
Majis Industrial Services SAOC
Oman Investment Corporation
Arla Foods Amba
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.
‘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.’
‘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.’
Abu Dhabi Fertilizer Co. LLC
ACWA Power Barka SAOG
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
Automobili Lamborghini S.p.A.
Baader Bank AG
Bank Muscat SAOG
Barka Desalination Company SAOC
Capital Market Authority
CB&I (Chicago Bridge & Iron Co.LLC)
Dhofar Power Company SAOC
Embassy of the United States of America
Fedex Express International
Frames Process Systems BV
Frontier Investment Management Partners Ltd.
HSBC Bank Oman SAOC
Kunooz Oman Holding SAOC
Lighting Technology Factory
Muscat Electricity Distribution Company SAOC
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
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
Shell Oman Marketing Company SAOG
Sri Lankan Airlines Limited
STFA Yatirim Holding A.S.
Target Group of Companies
VIP Investment Holdings
WJ Towel & Co. LLC
- 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.