Dr. Sultan Almasoud is the Head of the Riyadh office, which we operate in association with The Law Firm of Dr. Sultan Almasoud.

He focuses on mergers and acquisitions, corporate restructurings, IPOs, joint ventures, capital market transactions, private placements and all aspects of corporate and commercial legal matters.

Dr. Sultan represents corporate and private equity clients and a variety of clients including sovereign wealth funds, multi-national corporates and large family conglomerates.

Dr. Sultan is highly regarded for Saudi Arabia Capital Markets and M&A by IFLR1000 2021.

Shearman & Sterling LLP practices in Saudi Arabia in association with The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP. Partners in the Riyadh offices are partners in The Law Firm of Dr. Sultan Almasoud.

• NEOM Company, Saudi Arabia’s new city gigaproject development company, on a $8.4 billion green energy joint venture with ACWA Power and Air Products that will incorporate the region’s largest wind and solar renewables production projects (4GW in total), as well as a ground-breaking green hydrogen / green ammonia export project
• HSBC Saudi Arabia on the $319 million asset sale of its retail brokerage, retail margin lending and entire asset management business (including investment funds and discretionary portfolio management) business to Alawwal Invest
• Nour Communications Co. Ltd on the sale of 62 per cent. of its shares in Nour Internet for Communication and Information Technology to Tech GCC Investment Company
• The Royal Commission for Al-Ula on the establishment of a new special zone at Al-Ula. The new zone will focus on heritage and culture, as well as eco-tourism and adventure activities
• Public Investment Fund on its acquisition of a significant minority stake in a joint venture company between Saudi Aramco and Jacobs Engineering
• Goldman Sachs Saudi Arabia, acting as the financial advisor to The Saudi British Bank, on the merger with Alawwal Bank
• Japan Saudi Methanol Company (JSMC) on its sale of a 25% interest in Saudi Methanol Company (Ar-Razi) to SABIC
• Representing a private equity client on a stake in a publicly listed company in Saudi Arabia
• Dussur on its defence joint venture with SAMI and FGEAC
• Dussur as part of an international private equity consortium consisting of BroadPeak Global LP and Asia Green Fund on the purchase of the Clean Technologies business of DuPont de Nemours, Inc. for $510 million in cash
• A consortium of Suez, Itochu and Five Capital on their acquisition of a 65% interest in Environmental Development Company, a waste management company in Jubail
• NMC Healthcare LLC on its proposed acquisition of a stake in a Saudi listed company
• NUPCO on its joint ventures, commercial contracts and legislative/policy requirements
• Al Ahlia For Cooperative Insurance Company on their merger with Gulf Union Cooperative Insurance Company
• Jabal Omar Development Company on its joint venture with leading Saudi property management companies, in relation to the management of shopping malls and other retail properties owned by Jabal Omar in the Holy City of Mecca
• Jabal Omar Development on its joint venture with Eaglewing, a leading Middle Eastern hotel management company
• AlBaha Investment and Development Company, a Saudi-based investment company listed on the Main Market of the Saudi Stock Exchange, on its capital reduction
• Underwriters on a $814 million bond offering by ACWA Power Management and Investments One Limited
• AlBaha Investment and Development Company on its acquisition of Elegant Centers Company
• The First Investor (investment arm of Barwa Bank) on its acquisition and leaseback of Radium and Qurtubah Residential Compounds in Riyadh
• GE on restructuring of its Saudi operations as part of the combination between GE and Baker Hughes.
• Takween Advanced Industries on its rights issue on the Saudi Stock Exchange
• Raydan Cuisines & Restaurants Company, a Jeddah-based Arabic cuisine restaurant chain, on its initial public offering on the newly launched Parallel Market of the Saudi Stock Exchange
• MetLife - AIG - ANB Cooperative Insurance Company on its rights issue on the Saudi Stock Exchange
• Salama Cooperative Insurance Company on its rights issue on the Saudi Stock Exchange
• Saudi Indian Cooperative Insurance Company (Wafa Insurance) on its rights issue on the Saudi Stock Exchange
• Buruj Cooperative Insurance Company on its rights issue on the Saudi Stock Exchange
• Al Habib Group and Jarir Investment Company on their sale of a minority stake in Asala Holding Company, a leading Saudi real estate company
• NBK Capital on its exit from a Jeddah-based Hanco, a leading fleet leasing and rental company in Saudi Arabia (awarded “The Deal of the Year” by The Banker in May 2012)

Professional Affiliations

• Member of the Advisory Committee at the Capital Market Authority