Expertise

Homam Khoshaim is a Partner in our Corporate and Commercial team and a founding member of our KSA office. He advises clients on a broad range of corporate transactions, including public and private M&A, JVs and corporate advisory matters, IPOs and other ECM transactions. He also has a specialised expertise in competition & antitrust matters.

Prior to joining Addleshaw Goddard, Homam has practiced at the London and Riyadh offices of leading US firms. He is a New York qualified attorney, Solicitor of England & Wales and is licensed to practice in KSA by the Ministry of Justice.

Mergers & Acquisitions/Anti-Trust

• The Public Investment Fund (PIF), in connection with the acquisition of a number of mobile towers and associated infrastructure of Zain Saudi Arabia, a mobile network operator in the Kingdom of Saudi Arabia.
• The PIF, in connection with its USD 1.3 billion investment in four leading construction companies in the Kingdom of Saudi Arabia: Nesma & Partners Contracting Company, ElSeif Engineering Contracting Company, AlBawani Holding Company, and Almabani General Contractors Company.
• The PIF, in connection with its joint venture to establish an internet of things company with stc Group.
• Jadwa Investment, in its acquisition of an e-commerce business headquartered in Kuwait with operations in the Kingdom, Qatar and Bahrain.
• Applus Group, in its acquisition of the entire share capital of Soil and Foundation Company Limited and Geotechnical and Environmental Company from their founding partners (including obtaining economic concentration clearance from the Saudi Arabian General Authority for Competition (the GAC))
• Emaar, The Economic City, in connection with its capital increase by way of debt conversion and issuance of new shares to the PIF.
• SIG Combibloc Group, in its acquisition of SIG Combibloc Obeikan, a KSA-based company offering filling and packaging products for beverages and liquid food with operations in the UAE and Egypt (including obtaining economic concentration clearance from the GAC).
• Riyad Bank, in its attempted merger with the National Commercial Bank.
• BATIC Investments and Logistics Company, in its attempted acquisition of a number of companies and assets by way of a capital increase and share swap (including obtaining economic concentration clearance from the GAC).
• Confidential, in its acquisition of a significant minority stake in a regional media company.
• Successfully obtained economic concentration clearances from the GAC in connection with multiple national and global M&A transactions, including: 

Rowan plc, advising on: (i) antitrust related issues in connection with a joint venture between Rowan Companies and Saudi Arabian Oil Company to form ARO Drilling, an offshore drilling contractor operating a fleet of jack-up rigs in Saudi Arabia; and (ii)  its merger with Ensco plc

Agility Public Warehousing Co., in connection with its sale of Agility's Global Integrated Logistics (GIL) business to DSV A/S

Baxter International, Inc.,in connection with its acquisition of Hillrom

The Carlyle Group exiting from Nabil Foods by selling 60% of the shares in Nabil Foods (Holdings) Limited to Abu Dhabi Developmental Holding Company

DXC Technology Company, in connection with its sale of its healthcare Provider Software Business to the Dedalus Group

Non-merger Clearance Antitrust matters

Confidential client, connection with an investigation conducted by the General Authority for Competition in connection with alleged anticompetitive behaviours. 

Confidential client, in connection with its rights and potential course of action to take against a competitor alleged to have breached Saudi Arabian competition regulations, adversely affecting the client's market share. 

Confidential client, conducted an antitrust commercial review of the client's supply agreements to be entered into with its local distributors. 

Confidential client, in connection with certain supply agreements and their compliance with the Saudi Arabian competition regulations.  

Equity/Debt Capital Markets

• Elm Co., in its SAR 3 billion IPO on Tadawul.
• Solutions by STC, in its SAR 3.6 billion IPO on Tadawul. 
• EIG Pearl Holdings S.à r.l., on its inaugural dual-tranche bond offering, comprising $1.25 billion 3.545% Senior Secured Bonds due 2036 and $1.25 billion 4.387% Senior Secured Bonds due 2046. 
• The underwriters for Saudi Arabian Oil Company’s US$ 25.6 billion IPO on Tadawul, the largest IPO in history. 
• The underwriters for Saudi Arabian Oil Company’s US$ 12 billion Rule 144A/Regulation S Global Medium bond issuance. 
• Maharah Human Resources Company, in its SAR 776 million IPO on Tadawul.
• HSBC Saudi Arabia, as underwriter to the SAR 348 million Ataa Educational Company IPO on Tadawul.

Venture Capital

• VentureSouq, as advisor to the Business Incubator & Accelerator Company in its SAR 4 million investment in Lucidya, a Saudi Arabian based social media analytics company.
• Saudi Technology Ventures (STV), the largest VC in the Middle East, as co-investor with Kingdom Holdings, Al Tayyar Group and Rakuten, in the US$ 200 million Series F financing for Careem.
• STV, in the US$ 21 million Series A financing for Unifonic, a leading cloud communications startup, the largest Series A financing in the history of the Middle East.
• STV, in the US$ 12 million Series C financing for Vezeeta, the leading MENA healthcare startup.

Regulatory

• Various clients, in connection with their financial regulatory filings with the Saudi Central Bank to obtain payment services provider licenses pursuant to the Payment Services Provider Regulations.
• The National Center for Privatization in certain privatization projects with the Ministry of Human Resources and Social Development. 
• The Local Content and Government Procurement Authority, in drafting its local content implementing regulations of the Government Procurement Regulations.