Clyde & Co advises Informa on the formation of Tahaluf strategic joint venture

  • Press Releases 09 January 2024 09 January 2024
  • Middle East

  • Corporate

Global law firm Clyde & Co has advised Informa Middle East Limited (Informa) on the sale of a stake in its subsidiary, Tahaluf Events Limited to the Events Investment Fund (EIF) and Union Company For Exhibitions and Conferences (owned by Saudi Federation for Cyber Security, Programming and Drones (SAFCSP)), to create a strategic joint venture (JV). The JV supports the Kingdom’s Vision 2030 of diversifying the economy.

Clyde & Co advises Informa on the formation of Tahaluf strategic joint venture

Tahaluf will leverage Informa’s global expertise to grow the events sector in Saudi Arabia which will further advance economic diversification, provide access to new markets for international businesses, attract foreign investment and support modernisation of business activity. Tahaluf will replace Informa’s existing operations in Saudi Arabia.

Clyde & Co acted as lead counsel to Informa. Clyde & Co’s team was led by partner Rizwan Osman (corporate, Riyadh) and senior associate Shahd Makhafah (corporate, Riyadh) who were supported by associate Fahad Almojel (corporate, Riyadh), and trainee Alanoud Alassaf (corporate, Riyadh).

Rizwan commented: "We are delighted to act as lead counsel on this significant joint venture, which is focused on stimulating growth in the Kingdom’s key economic sectors through developing world-class events in Saudi Arabia.”

With over 30 years of experience in the Middle East and Africa (MEA), Clyde & Co is one of the largest international law firms with over 90 partners and over 540 staff operating through 9 offices and associated offices in Abu Dhabi, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Johannesburg, Nairobi, and Riyadh. Clyde & Co supports international and local organisations throughout the wider region with a full-service offering of local specialists across most business sectors and services of law, including commercial, commercial disputes, corporate, cyber risk, data protection & privacy, employment & immigration, finance, global recoveries, insolvency & reorganisation, intellectual property, international arbitration, projects & construction, real estate, regulatory & investigations, and technology, outsourcing & data.