Saudi Business Centre
Office Manager: Minhaj Uddin
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Number of lawyers: 10
Languages: Arabic, English
Over the years, Hatem Abbas Ghazzawi & Co. (formerly Abbas F. Ghazzawi & Co.) has been at the forefront of legal developments in Saudi Arabia, advising BP and Royal Dutch Shell in connection with their participation in the Saudi Arabian Gas Initiative known as Core Venture 1, advising the lenders in a limited recourse financing of the first Independent Power Project in Saudi Arabia, advising the project company in the development and construction of the first Independent Water Project in Saudi Arabia, and acting as counsel to the issue in the first Initial Public Offering under the new Capital Market Regulation.
Because we are an independent firm, a major part of our practice is to act as local counsel on the instructions of international law firms, which include Allen & Overy, Ashurst, Cleary Gottlieb Steen & Hamilton, Clifford Chance, Davis Polk & Wardwell, Latham & Watkins, Linklaters, Milbank Tweed Hadley & McCloy, Shearman & Sterling, Skadden Arps, Simpson Thacher & Bartlett, and Slaughter & May.
Since we have one of the oldest and most active litigation practices in Saudi Arabia, we are ideally placed to advise on commercial transactions which have potentially contentious elements, such as distributorship transfers, shareholder disputes, and M&A transactions with competition law aspects.
We represent a number of major multinational organizations on the full spectrum of their corporate and transactional needs in the Kingdom. Some of the clients with which we have worked for a number of years include The Dow Chemical Company, F. Hoffman La Roche AG, Nabors Industries, and ACWA Power.
Recent transactional highlights:
We are advising ACWA Power on the development of Saudi Arabia’s first renewable energy project under the Kingdom’s new National Renewable Energy Programme (NREP). This is a 25 year power purchase agreement (PPA) contract to develop a 300MW photovoltaic (PV) solar plant in Sakaka in Al-Jouf province for a world record tariff of $c2.34/kilowatt hour (kWh).
This Project is valued at over USD 300 million