Commercial, corporate and M&A in Oman

Addleshaw Goddard

Addleshaw Goddard has an outstanding track record for handling large corporate transactions, including private equity investments, acquisitions, disposals, joint ventures and cross-border mergers. Under the leadership of Oliver Stevens, the practice often advises investment funds and companies operating in the renewable energy sector. Other key contacts in the team include Nasser Al Habsi, who has experience of advising government entities, associate Ma’athir Al Busaidi (who is a name to note for advice on foreign direct investment) and Alistair Stewart.

Practice head(s):

Oliver Stevens

Other key lawyers:

Nasser Al Habsi; Ma’athir Al Busaidi; Alistair Stewart

Key clients

Bank Muscat SAOG

Vodafone Oman

Oman Infrastructure Fund

Mashreqbank psc

HSBC Bank Oman SAOG and HSBC plc

Alizz Islamic Bank SAOG

Qatar Investment Authority

Weatherford Drilling International Oman LLC

The Commercial Bank

Grant Thornton Oman

Phaze Ventures

United Securities LLC

National Bank of Oman SAOG

OQ

GFH Financial Group B.S.C.

Zubair Corporation

British Embassy Muscat

Work highlights

  • Advised International Distribution Network SPC (IDN) on the establishment structure and commercial operations to bring Sainsbury’s supermarkets products from the UK to Oman.
  • Advised The Commercial Bank (CBQ) on its potential acquisition of 15.2% of the shares in National Bank of Oman (NBO) to give it majority ownership.
  • Advising Qatar Investment Authority (QIA) on its joint venture with Oman Investment Authority to form a fund to invest in a wide range of sectors in Oman

Al Busaidy, Mansoor Jamal & Co

The well-regarded corporate team at Al Busaidy, Mansoor Jamal & Co is active in the full spectrum of matters for Omani and foreign clients, including M&A, joint ventures and takeovers. Seasoned practitioner Mansoor Jamal Malik oversees the practice, with support from head of corporate and capital markets Ardeshir D Patel. Areas of growth for the team include advising on REITs and debt restructuring matters. Senior associates of note include Ahmed Al Busaid, who advises on IPOs, and Robert Booth.

Practice head(s):

Mansoor Jamal; Ardeshir D Patel

Other key lawyers:

Ahmed Al Busaid; Robert Booth

Testimonials

Excellent technical knowledge both commercially and legal in respect of various subject matters. Very strong in technical advice and suggesting practical solutions.’

Mansoor Jamal Malik is an exceptional partner and brings great value through his in-depth experience and know-how. Mansoor makes himself readily available and provides a practical perspective which clients appreciate.’

‘Communication with AMJ’s individuals is the thing which most attracted us to this law firm, since they pay due care of any legal matter delegated to them by the company. They keep providing us with any updates and they keep a record of all matters related to the legal issue.’

‘Mansoor Jamal Malik is a seasoned and commercially-minded lawyer. Despite his seniority, he is willing to roll up his sleeves and is directly involved in clients’ matters.’

‘The firm is undoubtedly one of the most prominent in Oman and its reputation is well deserved. Whilst contacting them, you are confident of getting excellent counselling, insight into the latest legal developments and good guidance in navigating the uncertainties of a legal framework in continuous evolution.’

‘Senior partner Mansoor Malik is a recognized institution in the local legal market and you want him next to you while dealing with sensitive and critical issues. Partner Ardeshir Patel, on top of being an excellent professional, is an exquisite individual on whose assistance, advise and guidance you can safely rely on.’

Key clients

ABB Asea Brown Boveri Ltd

Acwa Power Projects

Ad-Dhahirah Generating Company SAOC

Al Asilah Desalination Company SAOC

Oman Investment Authority

Oman Reinsurance Company SAOC

Oman Sovereign Sukuk SAOC

Oman Tourism Company SAOC

Al Batinah Power Company SAOG

Al Hassan Engineering Company SAOG

Al Rusail Power Company SAOC

Al Kamil Power Company SAOG

Al Suwadi Power Company SAOG

Bahwan Engineering Company LLC

Bank Muscat SAOG

Bank Nizwa SAOG

Work highlights

  • Advised Oman Telecommunications Company (Omantel) on the $575million sale of its passive infrastructure tower assets to UK-based Helios Tower Plc.
  • Acted as legal counsel to the Government of Oman (as obligor), Oman Sovereign Sukuk Company S.A.O.C. (as issuer and trustee) and bank muscat S.A.O.G. and its Islamic window, Meethaq Islamic Banking, (as issue manager and lead manager) on (i) the update of the Government of Oman’s Omani Rial unlimited value sovereign sukuk issuance programme launched in 2019.
  • Acted for Oman Investment Authority with regard to the transformation of the MSM as a reorganised closed joint stock company (“SAOC”)

Dentons

Dentons has a strong pedigree for handling M&A and other corporate work for domestic and international companies, as well as investment funds. Practice head Jamie Gibson has expertise in acting for clients in the construction, infrastructure and mining sectors. The wider team includes telecoms expert Simon Topping and Darshi Sanganee, who acts on complex restructurings. England & Wales-qualified practitioner Riaz Haq was promoted to senior associate.

Practice head(s):

Jamie Gibson

Other key lawyers:

Simon Topping; Darshi Sanganee; Riaz Haq

Testimonials

‘They are well equipped with the required knowledge and experience to provide advice and assist clients with corporate matters.’

‘The individuals I have dealt with so far are pleasant and responsive. More importantly, they could provide proper advice for the company to comply with the law and regulations.’

Key clients

Air Products PLC

Petroleum Development Oman (PDO)

Electricity Holding Company SAOC (Nama Group)

National Detergent Company SAOG

National Bank of Oman

OQ (Oman Oil and Orpic groups)

BAE Systems plc

Bechtel Corporation

Motorola Inc.

Vale S.A.

Virgin Group Ltd.

Muscat City Desalination Company SAOG

Sumitomo Corporation

Malakoff Corporation Berhad

Work highlights

  • Advised Petroleum Development Oman LLC (PDO), the country’s largest upstream oil and gas operator, and the Ministry of Energy and Minerals on a complete restructuring of the Government of Oman’s interests in the critical Block 6 Concession and in PDO.
  • Advised Electricity Holding Company SAOC (Nama Group) on consolidation of the water and wastewater sector, which has resulted in a multimillion-dollar valuation of the resulting entities following the restructuring.
  • Advise Jabreen Capital on the acquisition of a significant minority stake in a closed joint stock company that runs and operates three well-known leading schools in Muscat.

Al Alawi & Co. Advocates & Legal Consultants

The corporate practice at Al Alawi & Co. Advocates & Legal Consultants is experienced in foreign investment transactions, corporate restructurings and the provision of market entry advice to multinational companies. The team, which is led by Anwaar Al Alawi, is noted for its expertise in the energy, infrastructure, and oil and gas sector. Associate Ayoub Al Rawahi is another key individual. Former practice head Sahil Taneja departed the firm in July 2021 and has relocated to Dubai.

Practice head(s):

Anwaar Al Alawi

Other key lawyers:

Ayoub Al Rawahi

Key clients

Salalah Free Zone Company SAOC

Ecolab Inc.

Oman Drydock Company LLC

Oman Global Logistics Group SAOC (ASYAD)

Oasis Omani Est. LLC

Ingenuity Technologies LLC

Work highlights

  • Advising one of the largest free zones in Oman – Salalah Free Zone Company SAOC – on a complex restated natural gas supply arrangement with the Ministry of Oil and Gas in pursuance of a new revenue framework.
  • Advising an international diversified group – Ecolab Inc – on Omani law repercussions of a global restructuring exercise necessitated by global spin-off of their energy services upstream business from the water and downstream business.
  • Advising Oman Drydock Company LLC on a consolidated shipbuilding agreement relating to the construction of 101 vessels at the Company’s dockyard in the recently established special economic zone in Duqm.

Al Tamimi & Company

At Al Tamimi & Company, the corporate practice is led by England & Wales-qualified practitioner Arif Mawany, and is experienced in handling M&A for regional clients. The team advises on M&A, joint ventures and commercial contracts, such as agency and distribution agreements. Oman office head Ahmed Al Barwani  is another name to note in the group, whose work covers industries such as healthcare, tourism, energy, education and telecoms, among others.

Practice head(s):

Arif Mawany

Other key lawyers:

Ahmed Al Barwani

Key clients

Helios Towers plc

Kerry Group plc

Nestle Middle East

Templar Investments Limited

Vertex Pharmaceuticals

Goldman Sachs

Oman & Emirates Investment Holding S.A.O.G.

China State Construction Engineering Corporation

Muscat National Development and Investment

Linde GmbH

Siemens

Work highlights

  • Advised Helios Towers, together with Vinson & Elkins, on the acquisition of a portfolio of telecommunications towers in Oman.
  • Acted as lead counsel to Templar on its acquisition of Jindal Shadeed Iron & Steel Oman.
  • Advising New Mountain Capital, together with its advisers Ropes and Gray, on the Omani law aspects of the global acquisition of Aegion corporation.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP is noted for its strengths in drafting and negotiating construction contracts, in addition to handling M&A, cross-border investment fund structuring, multijurisdictional restructurings and various financings for Omani companies and multinationals. The practice is led by Mehdi Al Lawati in Muscat. Senior associate Malcolm Abaza is also recommended.

Practice head(s):

Mehdi Al Lawati

Other key lawyers:

Malcolm Abaza

Key clients

Oman National Investments Development Company SAOC (TANMIA)

OMINVEST SAOG

Oman Investment & Finance Company

Khatib Al Alami and Partners LLC

Oman Air SAOC

Diwan Royal Court Pension Fund (DRCPF)

Turkish Airlines

National Finance SAOG

Innovation Development Oman Holding SAOC

OQ SAOC

A’Namaa Poultry SAOC

Work highlights

  • Advised Oman Investment and Finance Company SAOG (OIFC) on its merger with Gulf Investment Services Holding Company SAOG.
  • Advising Oman National Investments Development Company SAOC (TANMIA) on general corporate matters.
  • Advising Goldman Sachs Group, Inc (via King Wood & Mallesons) on a multibillion dollar investment in the renewables sector in Oman.

Said Al-Shahry & Partners (SASLO)

Said Al-Shahry & Partners (SASLO) has a strong presence in the oil and gas industry; its work in this space includes M&A, (prospective) acquisitions of exploration blocks and share sales. The firm also undertakes a significant amount of work in relation to PPP, IWP and IPP projects. Elsewhere, it acts for clients on foreign direct investments, equity capital markets transactions and general corporate and commercial issues. Thamer Al Shahry jointly leads the group with Jeremy PooleyGraham Mouat is another key individual.

Practice head(s):

Thamer Al Shahry; Jeremy Pooley

Other key lawyers:

Graham Mouat; Said Al-Shahry

Key clients

Ahli Bank SAOG

Work highlights

  • Acted for Ahli Bank SAOC on its RO 30,000,000 rights issue.

CMS Cameron McKenna Nabarro Olswang LLP (in association with Al Rashdi, Al Juma and Ewing Advocates and Legal Consultants)

CMS Cameron McKenna Nabarro Olswang LLP (in association with Al Rashdi, Al Juma and Ewing Advocates and Legal Consultants) handles transactions across the power, renewable energy and oil and gas sectors. The practice, which is jointly led by Ben Ewing and Mary Allan, is active in cross-border mandates across the region, such as restructurings and large-scale acquisitions. Hassan Shad acts for international investors and high-net-worth individuals. Commercial agency agreements and joint ventures are handled by senior associate Helen Dean.

Practice head(s):

Ben Ewing; Mary Allan

Other key lawyers:

Hassan Shad; Helen Dean

Key clients

Daleel Petroleum Co. LLC

Zawawi Powertech Engineering LLC

NAMA Holding Company

Oman 70 (Holding) Company LLC

Kunooz Oman Holding SAOC

Jindal Steel and Power (Mauritius) Limited

Petrogas Exploration & Production LLC

KCA Deutag Drilling Gmbh

Arabian Gas and Oil Development Company

Bank Muscat SAOG

Oman Investment Authority

Old Hill Partners Inc.

Mazoon Petrogas SAOC

Sulzer Rotating Equipment FZE

Omani Hospitality Company

Muscat Hills for Joint Development LLC

Swissport Oman LLC

BTA International Food Beverage Services Industry and Trade

The Weir Group

Work highlights

  • Advised on a proposed joint venture licensing agreement for Arabian Gas and Oil Development Company LLC (AGODCO) on various pipeline construction projects in Argentina with the values of $200m.
  • Advising on the sale of shares in Jindal Shadeed Iron and Steel LLC and its two subsidiaries in a transaction that values JSIS at over $1bn.
  • Advised Distinguished Warehouses LLC in liquidating the company in Oman due to the liquidation of its parent company in Bahrain.

Trowers & Hamlins LLP

Trowers & Hamlins LLP’s corporate and commercial practice group has a focus on large transactions in the power, water and oil and gas industries, under the leadership of Nick Watson in Muscat. The team has strengthened its offering with the hires of special counsel Roger Clarke and experienced senior associate Raya Al Harthy from Curtis, Mallet-Prevost, Colt & Mosle LLPAaron Ohm advises on general corporate governance issues and has notable experience of advising Korean businesses operating in or investing into the GCC region. International and domestic investment funds instruct the firm on asset management matters and acquisitions.

Practice head(s):

Nick Watson

Other key lawyers:

Roger Clarke; Raya Al Harthy; Aaron Ohm

Testimonials

‘Nick Watson and Aaron Ohm have excelled in providing support to us and coordinating the involvement of other Trowers & Hamlins lawyer. They exhibit the local knowledge and commercially savvy approach that characterizes the firm generally.’

We have worked with Trowers & Hamlins in Oman, where the firm has a deep, and probably unique, understanding of local laws and markets. They also have a practical approach to providing legal advice in which they leverage their local expertise.’

Key clients

National Bank of Oman

Salalah Port Services

Innovation Development Oman Holding SAOC

Oman Tower Company LLC

Jabberwock Ventures (Pakistan)

Nakheel Oman Development Company SAOC

Muscat Insurance Company

ACWA Power Barka

Work highlights

  • Advised National Bank of Oman in connection Commercial Bank of Qatars takeover offer to acquire a majority stake in the bank.
  • Advised IDO, Oman’s technology investment fund, in relation to their participation in the $50m Series C funding round of the UK genomic analysis company Congenica Limited.