King & Wood Mallesons has advised a shareholder in the El-Khayyat Group on the purchase of LafargeHolcim’s interest in in Al Safwa Cement Company, Saudi Arabia for an undisclosed amount.

 

Prior to the transaction, Al Safwa Cement was a joint venture between the El-Khayyat Group, a construction materials supplier in Saudi Arabia and LafargeHolcim, a leading construction materials business specialising in cement, concrete and aggregates that employs 115,000 people worldwide. 

 

Hamish Walton and Sandeep Dhama from the King & Wood Mallesons Dubai office plus a Saudi team led by Majed Almarshad acted on behalf of the purchaser. 

 

Pervez Akhtar and Mohammad Tbaishat at Freshfields Bruckhaus Deringer acted on behalf of LafargeHolcim.

 

Hamish Walton, Head of Corporate in the Middle East, said: “We are delighted to have advised on this significant transaction involving some of the leading players in the construction field in the Kingdom of Saudi Arabia.”