The commercial, corporate, and M&A department at Addleshaw Goddard is lauded by clients as the ‘the go-to corporate team in Muscat combining excellent international experience with local know-how’. The team is frequently retained to handle some of he highest value transactions of the sector, including high-profile local and cross-border matters in the logistics, real estate, investment fund, and notably, the green energy sector, overseeing some of the most consequential green energy deals in the sector. Oliver Stevens heads the team, and is a key port of call in international and regional investments, corporate governance, and acquisition mandates.
Commercial, corporate and M&A in Oman
Addleshaw Goddard
Praxisleiter:
Oliver Stevens
Referenzen
‘I liked the ability of the team to point out to me (as a client) critical points during negotiation and those that we can possibly loosen to achieve a balance negotiated terms. They were hard when needed and flexible at the same time not to come to a stop-end.’
‘Tristan has been our team leader and provided excellent support for this deal including during hours outside normal working schedule. Very dedicated approach towards protecting client.’
‘Very knowledgeable, great response times and very easy to deal with.’
Kernmandanten
bp
Oman Investment Authority
Salalah Port Services Company
State Grid International Development
Qatar Investment Authority
ITHCA
OQ Alternative Energy
Suhail Bahwan Group
Datamount
Omantel
Dubai Transport Company
Highlight-Mandate
- Advised Qatar Investment Authority on its participation as an anchor investor in the USD750m initial public offering of OQ Gas Networks SAOG, Oman’s largest IPO to date.
- Advised Oman Investment Authority on the establishment of the USD5.2bn Future Fund Oman.
- Advised bp on the acquisition of 49% of Hyport Coordination Company which will produce green hydrogen and ammonia at Duqm, Oman.
Al Busaidy, Mansoor Jamal & Co
Al Busaidy, Mansoor Jamal & Co's corporate, capital markets, and M&A practice is noted by clients as ‘pragmatic and commercial’, and is highly efficient in complex, valuable transactions involving multinationals in the GCC, having previously operated in share and asset sales, mergers, stake acquisitions, IPOs, cross-border financing, and privatisations. The team is headed by its senior partners, including Mansoor Jamal Malik, who brings over 38 years of experience in corporate and commercial work, including restructurings, public-private partnerships, and working closely with government ministries and entities. Co-head Ardeshir D Patel is a strong operator in transactions involving public equity investments, capital markets, and restructurings, while co-head Ahmed Al Busaid is extensively experienced in foreign investment, acquisitions, and corporate regulation and compliance matters.
Praxisleiter:
Mansoor Jamal Malik; Ardeshir Patel; Ahmed Al Busaid
Referenzen
‘The AMJ team is pragmatic and commercial, and seems to understand the requirements of international investors into Oman. For investments into listed companies, their experience on such investments and contacts in the industry are also very useful.’
‘Ardeshir Patel has been excellent at providing advice that is both commercial and practical. The advice is clear, concise and succinct, and gets to the point quickly without unnecessary legal or technical jargon.’
‘We are incredibly pleased with the support on legal matters provided by AMJ. Their expertise on Oman Commercial Laws, and professionalism has always been invaluable to our organization. AMJ team is highly responsive to any matter and the turnaround time is something that makes them our preferred service provider.’
Kernmandanten
Acwa Power Projects
Ad-Dhahirah Generating Company SAOC
Ahli Bank
Al Asilah Desalination Company SAOC
Al Batinah Power Company SAOG
Al Rusail Power Company SAOC
Al Suwadi Power Company SAOG
Alawi Enterprises LLC
Bank Muscat SAOG
Bank Dhofar SAOG
Bank Nizwa SAOG
Dhofar Generating Company SAOG
ENGIE Middle East, South & Central Asia and Turkey
Government of the Sultanate of Oman, represented by the Ministry of Finance
Green Hydrogen and Chemicals
HSBC Group
Jindal Shadeed Iron & Steel LLC
Khazaen Economic City LLC
Majid Al Futtaim Group LLC
Mitsui & Co. Ltd
Morcell Limited
Musandam Power Company S.A.O.G.
Muscat National Development and Investment Company SAOC
Muscat Pharmacy and Stores LLC
National Bank of Oman SAOG
National Training Institute
NAMA Group
OHI Group
Oman Cement Company SAOG
Oman International Terminal Company SAOC
Oman Food Investment Holding Co. SAOC
Oman Future Telecommunications SAOC
Oman Qatar Insurance Co. SAOG
Omani Qatari Telecommunications Company SAOG
Oman Reinsurance Company SAOG
Oman Tourism Development Company SAOC (OMRAN)
Ooredoo Oman
OQ Gas Network SAOG
OQ SAOC and Subsidiaries
Phoenix Power Company SAOG
Port of Duqm Co. SAOC
Prysmian Group
Renaissance Services SAOG
Sembcorp Jinko Shine SAOC
Shams Ad-Dhahirah Generating Company SAOC
Shinas Generating Company SAOC
SMN Power Holding Co SAOG
Sohar Industrial Port Company
Solar Wadi LLC
Suhail Bahwan Group
Taageer Finance Company SAOG
Tamara
United Finance Company SAOG
Vulcan International
Vulcan Steel, Mauritius
Wadi Noor Solar Power Company SAOC
Highlight-Mandate
- Acted as Oman law counsel to OQ Gas Network SAOG in relation to its initial public offering and listing on the Muscat Stock Exchange (MSX).
- Advised as Omani law counsel on the transaction involving the purchase of a majority stake in Aster’s Gulf Co-operation Council’s (including Oman) business by a consortium led by Fajr Capital.
- Advised L’Oreal as Oman law counsel in relation to its investment in Amouage SAOC, the largest luxury perfume company established in Oman and owned at 95% by SABCO in Oman.
Al Tamimi & Company
Al Tamimi & Company's corporate and commercial department is praised by clients for its ‘strong relationship with regulators and authorities’, advising major local and regional Gulf clients in high-value transactions, including asset and share sales, stake acquisitions, and cross-border M&As. Arif Mawany heads the team with Ahmed Al Barwani, and both are notably experienced in Islamic financing, cross-border transactions, and restructurings across a range of industries, including retail, telecommunications, energy, and healthcare.
Praxisleiter:
Arif Mawany; Ahmed Al Barwani
Referenzen
‘They knew the market very well and they were very knowledgeable on local law whilst aware of any global industry trends.’
‘Arif Mawany has been the partner on the project. He was great.’
‘Very good team with local and international experience. Capable of delivering advice in efficient manner with thorough understanding of law and practice.’
Kernmandanten
Knauf International
Mott Macdonald
BAE Systems
Majid Al Futtaim
Oracle
Standard Chartered Bank
First Abu Dhabi Bank
Caterpillar Financial Services Limited
Meso AS
Oman Tech Infrastructure S.A.O.C.
Highlight-Mandate
- Advised Knauf on the acquisition of a gypsum mine in Oman from Dhofar Minerals.
- Advised Mott Macdonald on the sale of its subsidiary, Mott Macdonald LLC in Oman.
- Advised Gradient International on the acquisition of Advanced Watertek.
Dentons
Dentons‘s commercial and corporate department leverages a ‘good mix of Oman and international law and experience’, and is led by Jamie Gibson, who brings over 20 years of experience in various corporate matters, such as incorporations, acquisitions, capital markets and regulatory matters, including business licenses and registrations. The team is notably proficient in work involving novel business types and structures, and is highly sought after by clients in the oil and gas, energy, logistics, and financial sectors. Senior associate Michael Kneebone is a key member of the team in transactional matters.
Praxisleiter:
Jamie Gibson
Weitere Kernanwälte:
Michael Kneebone
Referenzen
‘The team has hands on practical approach to solving client’s tasks and assignments. Diverse backgrounds and previous experience add to the value that the team delivers.’
‘Jamie Gibson and Michael Kneebone are key team members that we worked with and should be distinguished for their dedication to clients and high quality work.’
‘Bring a good mix of Oman and international law and experience to their support.’
Kernmandanten
Asyad Ports & Terminals
Huaxin (Hainan) Investment Co., Ltd
Vale International SA
Green Energy Oman Consortium
Golden Sands Hotels Company LLC
Petroleum Development Oman LLC
Sohar Power Company SAOG
Oman Oil Marketing Company SAOG
Ahli Bank SAOG
Citigroup
Highlight-Mandate
- Advised Vale International SA on a joint venture with AP Oryx Holdings LLC, an SPV of NYSE-listed Apollo Asset Management Inc (Apollo), in Vale Oman Distribution Center (VODC).
- Advised Sohar Power Company SAOG on the consequences of the expiry of the power and water purchase agreement with Oman Power and Water Company SAOG and on the mothballing of the plant and a bilateral electricity sales agreement.
- Advised Golden Sands Hotels Company LLC on the compulsory acquisition of shares in public listed company Salalah Beach Resort SAOG, in accordance with Oman’s Takeover & Acquisition Regulations.
Abdul Redha Haider Advocacy & Legal Counsels
Abdul Redha Haider Advocacy & Legal Counsels's corporate department is praised by clients as ‘highly skilled’, and is retained by clients from the insurance, retail, health, logistics, technology, and maritime transport industries in a range of local and MENA-based cross-border transactions and regulatory matters. Muscat-based Abdulredha Al Lawati heads the team and fields over 10 years of experience in contentious and non-contentious matters, particularly in the oil and gas and real estate industries.
Praxisleiter:
Abdulredha Al Lawati
Referenzen
‘The team at ALC are highly skilled with high level of professionalism and most of them young in age but with good level of experience and ambitious. Willing to work hard to solve the case.’
‘Extremely strong knowledge about the updated laws. The team is very knowledgeable and approachable. Always have a solution to our issues.’
‘Abdulredha Al Lawati is probably the best lawyer in Oman, surely among the top 5.’
Kernmandanten
Salman Stores
Oman Qatar Insurance SAOG
One Click Services
Hydro Middle East Incorporated
Takamul National Company LLC
Total Safety Muscat LLC
BDP Logistics LLC
Tromata Consultants Limited
Majid Al Futtaim Leisure & Entertainment LLC
Al Khan Foodstuff LLC – BRF
Awan Company LLC
Allen Career Institute Overseas
Maysan Properties
PSA Marine Qalhat SAOC
O1 International BV
Artelia Muscat Engineering Consultancy LLC
ENROIL Oilfield Solutions & Services LLC`
Highlight-Mandate
- Advised an Omani Limited Liability Company on a transaction regarding a €44m facility agreement.
- Advised a Turkish company on the transfer of oil tankers wealth of OMR44m.
- Advised a client on the assessment of an exit plan of tenancy relationship wealth of an amount exceeding OMR15M.
BSA Al Rashdi & Al Barwani Advocates & Legal Consultants
BSA Al Rashdi & Al Barwani Advocates & Legal Consultants's commercial, corporate, and M&A practice is praised by clients for its ‘deep understanding of business in the MENE region’, leveraging significant experience in various sectors, including shipping, construction, hospitality, and oil and gas. Arsalan Tariq and Sahil Taneja co-head the team, and bring broad experience in representing local and international clients in cross-border transactions and investments, acquisitions, regulatory matters, and corporate governance and policy.
Praxisleiter:
Sahil Taneja; Arsalan Tariq
Referenzen
‘We have been working with BSA for around two years on cross-jurisdictional matters in the Middle East and they always demonstrate responsiveness, good knowledge of not only legal aspects of the case, but also deep understanding of business in the MENE region. This distinguishes them from many other firms in the region and they are our preferred firm.’
‘M&A cross border GCC with good understanding of local practices in Oman.’
‘Responsive, informed and supportive partners. Sahil Taneja and his team were instrumental in resolving local issues.’
Kernmandanten
National Bank of Oman
Fisheries Development Oman SAOC
Aquatic Investments Excellence LLC
Betterchance
Al Madina Real Estate Company SAOC
Kucher Kuleshov Maximenko & Partners
Abdo Rafiq & Partners
FMS International
Nextons
Fieldfisher
Renco Middle East LLC
N&P Investment
Al Bashayer Meat Company SAOC
TANMIA
Al Ramooz National LLC
Al Safi Danone Company Limited
Friendi Oman
Weatherford Oil Tools Middle East
Oman Post SAOC
OQ SAOC
Huawei Tech. Investment (Oman) LLC
Stephenson Harwood Middle East LLP
HALLIBURTON WORLD WIDE OMAN
Maisarah Islamic banking Services, Bank Dhofar SAOG
Ahli Bank S.A.O.G.
MB Holding Company LLC
Gulf International Pipe Industry LLC
Muna Noor Manufacturing & Trading LLC
First Law International
Pewete AG
Latham & Watkins
Octal SAOC
Moore Pipe Inc
Highlight-Mandate
- Assisted Fisheries Development Oman, the state-owned investment arm of the government with fisheries and aquaculture vis-a-vis two joint ventures with GTR Trading LLC, the regional investment wing of the multi-national and diversified group, D42, focused on shrimp aquaculture/artisanal and coastal fisheries sector.
- Assisted Al Madina Hotel Development LLC with a transaction involving purchase of three hotel properties as a going concern, Hotel City Centre, Hotel Millennium Salalah Resort, and Hotel Millennium Studio M.
- Advised Alamora Limited SPC on the acquisition of a majority stake in the Tamani Global Development & Investment LLC, the holding company of Mall of Muscat, the largest mall in Oman.
CMS Cameron McKenna LLP
CMS Cameron McKenna LLP‘s corporate and commercial department is retained across a broad spectrum of industries, and demonstrates notable aptitude in the energy sector in particular, advising clients in oil and gas, renewable energy, and power logistics-related matters. The team offers broad corporate expertise, advising clients on both transactional matters involving restructurings, share and asset sales, and joint ventures, along with regulatory, due-diligence, and licensing matters. Charles Dolphin advises Omani clients on high-value energy and infrastructure projects, and co-leads the team with Mary Allan, who holds over 20 years of experience advising clients on privatisations and infrastructure-related matters. Ben Ewing moved to a consultancy role in 2024.
Praxisleiter:
Charles Dolphin; Mary Allan
Weitere Kernanwälte:
Ben Ewing
Referenzen
‘Very much client oriented. Also very sound in their advice and thorough in their work.’
‘Everyone in the firm is always very approachable.’
‘Team’s strengths in specialized area lead to offer customized solutions. Innovative strategies tailored to meet our specific needs. Team commitment.’
Kernmandanten
Oman Information and Communication Technology Group SAOC
Zubair Corporation LLC
Oman 70 (Holding) LLC
Alawi Enterprises LLC
Bank AL Habib, Bahrain Branch
Mazoon Petrogas SAOC
Petrogas E&P LLC
Kunooz Oman Holding SAOC
Salalah Mills Company SAOG
Oman Brunei Investment Company
Oman Investment Authority
Oman Telecommunications Company SAOG
Hutchison Ports Holdings Ltd
Rakiza GP I Ltd
KCA Deutag Drilling GmbH
KCA Deutag Energy LLC
Best Oil & Gas Solutions LLC
NMC Healthcare LLC
Oman Tower Company LLC
Highlight-Mandate
- Advised Oman Information and Communication Technology Group SAOC (Ithca Group) on the sale of 39% of Oman Broadband Company SAOC to Rakiza, a fund specialising in core infrastructure assets in Oman.
- Advised Oman Telecommunications Company SAOG on its investment in Etlaq Space which will develop a space launch complex in Duqm with the project being sponsored by the National Aerospace Services Company LLC.
- Advised Oman Information and Communication Technology Group SAOC on its investment in Global Semiconductor Micro Electronic USA (GSME USA) through a share subscription.
Curtis, Mallet-Prevost, Colt & Mosle LLP
The corporate practice at Curtis, Mallet-Prevost, Colt & Mosle LLP offers a broad range of corporate services, including transactional matters such as acquisitions of stakes and shares in companies, share and asset sales, as well as other matters such as regulatory services to foreign companies, including setting up a presence and corporate governance. Simon Ward heads the team and is deeply experienced in commercial and corporate matters, especially company formation and corporate finance. Abdul Latif Al Rawahi is another key member of the team.
Praxisleiter:
Simon Ward
Weitere Kernanwälte:
Abdul Latif Al Rawahi
Kernmandanten
Oman Flour Mills SAOG
J.Marr (Seafoods) Ltd
Vatan Zarin SPC
Mace Marco International Limited
Itochu Corporation
Sener Ingeniería y Sistemas, S.A
Government of Oman, Oman Aluminium Rolling Company & OQ
Octal Petrochemicals FZE
Rouse & Co. International
Drillmec Oman branch
Bin Mirza International
LBF Partners
Pirelli – Oman
Raysut Cement
DHL Express, UAE
KGAL Investment Management GmBH & Co. KG and Sun Country, Inc
Alubaf Arab international Bank
GS Inima Middle East LLC and Fisia Italimpianti SPA
Neutral Capital Finance Plc
Tetra Tech ES Inc.
Highlight-Mandate
- Advised Oman Flour Mills SAOG and Itochu Corporation on the wide changes brought about by the new labor law and subsequent changes to their HR policies.
- Advised several companies (Vatan Zarin SPC, Sener Ingeniería y Sistemas, S.A, J.Marr (Seafoods) Ltd) on company formation, structuring, and regulatory compliance.
- Advised the Government of Oman and Oman Aluminium Rolling Company on international trade law.
Said Al-Shahry & Partners (SASLO)
Praised by clients for its ‘substantive, tailored advice that directly addresses the specific issues faced by clients’, the corporate team at Said Al-Shahry & Partners (SASLO) acts in a diverse range of industries, including technology, insurance, and finance, and demonstrates notable experience in mandates involving IPOs, listings, joint venture agreements, and capital market transactions. The team is co-headed by its senior partners, including international corporate specialist Jeremy Pooley, capital markets expert Thamer Al-Shahry, Sherif Hampton, a specialist in Islamic finance-related matters, and Maria Mariam Rabea Petrou, who has a proven track record in cross-border transactional matters.
Praxisleiter:
Thamer Al Shahry; Jeremy Pooley; Sherif Hampton; Maria Mariam Rabea Petrou
Referenzen
‘My experience with the Commercial, Corporate, and M&A team at Said Al-Shahry & Partners (SASLO) has been very positive. The team stands out for its responsiveness, punctuality, and ability to provide substantive, tailored advice that directly addresses the specific issues faced by clients. Their attention to detail and commitment to understanding the client’s unique circumstances set them apart from other firms.’
‘Potential clients would appreciate the team’s deep expertise across various sectors, which is complemented by their practical approach to complex legal matters. The team’s strength lies in its ability to deliver clear, actionable guidance in a timely manner, which is crucial in high-stakes transactions.’
‘Maria Mariam Rabea Petrou was exceptional throughout our collaboration. She was hands-on, highly reachable at all times, and easy to communicate with, making complex matters much simpler to navigate. Her commitment to the work was evident, as she consistently delivered high-quality output on time.’
Kernmandanten
Sohar International Bank SAOG
Financial Services Authority
Ahlibank SAOG
Oman ICT Group
Oman Investment Authority
Petroleum Development Oman
OQ SAOC
Omani Qatari Telecommunications Company SAOG
The Pearl REIF
Oman-India Fertiliser Company
Mazoon Electricity Group
Bank Muscat SAOG
Ministry of Finance
Kent
Mazoon Dairy Company SAOC
Nissan Motors
Oman Investment and Finance Co SAOG
Al-Imam Jabir Bin Zayed Foundation
Qurayyat Desalination SAOC
Highlight-Mandate
- Advised Sohar International Bank SAOG on its merger with HSBC Bank Oman SAOG.
- Acted as sole legal counsel to Ahlibank SAOG in relation to the following high-profile series of public M&A transactions: in relation to an unsolicited merger offer from Bank Dhofar; in relation to an unsolicited takeover offer from a consortium led by Ominvest and Arab Bank plc; and in relation to an unsolicited competing takeover offer from Bank Dhofar.
- Acted as sole legal counsel to Al-Imam Jabir Bin Zayed Foundation on the successful establishment and initial public offering of the Gheras Endowment Fund.
Trowers & Hamlins LLP
Trowers & Hamlins LLP's corporate practice is praised by clients for its ‘creativity and innovation in structuring deals’, and leverages considerable experience in cross-border transactions, working with multinationals in regulatory matters, such as setting up a local presence, and capital markets, including Shariah-compliant equities. Benjamin O’Brien-McQueenie leads the team, and is noted by clients for his ‘great knowledge of cross-border transactions’, and operates additionally in corporate structurings, acquisitions, capital markets, and private equity. He is accompanied by Tom Reynolds's 15 years of experience in capital markets, joint ventures, and Shariah-related transactions. Associates Aida Al Jahdhami and Li Ying Teng both bring considerable experience in local Omani and GCC mandates, requiring expertise in intellectual property, corporate transactions, and corporate governance.
Praxisleiter:
Benjamin O’Brien-McQueenie
Weitere Kernanwälte:
Tom Reynolds; Aida Al Jahdhami; Li Ying Teng
Referenzen
‘Reliable team headed by Benjamin O’Brien-McQueenie that is responsive, delivers as required, and on time.’
‘Benjamin O’Brien-McQueenie is a stand-out partner and I would love to work with him again.’
‘Trowers and Hamlins stand out for their international presence as well as access to a network of other firms in other jurisdictions.’
Kernmandanten
Asyad Group S.A.O.C
Oman Investment & Finance Co. S.A.O.G.
Oman International Development and Investment Cos. S.A.O.C.
Highlight-Mandate
- Advised Asyad Group, a prominent logistics and transport company in Oman, which is owned by the sovereign wealth fund of Oman, on its acquisition of a majority stake in a global freight forwarding business headquartered in ADGM with subsidiaries in UAE, Saudi Arabia, Bahrain, India, China, and United States of America.
- Advised Ominvest, a holding company in Oman, on its proposed takeover of Ahli Bank, a publicly listed banking institution in Oman.
- Advised National Bank of Oman on the launch of an open-ended global equity fund
Jamal Al Amri Advocates and Legal Consultants
The dispute resolution practice at Jamal Al Amri Advocates and Legal Consultants is highly active in the energy, investment, and electricity industries, and offers diverse corporate advisory services, including those pertaining to restructurings, share and asset sales, and labour-related non-contentious matters. Aladdin Sidahmed is proficient in advising clients on high-value transactional matters, including cross-border acquisitions and restructurings. Jalpa Maniar contributes frequently to the team’s non-contentious matters, and is a key member of the team in transactional matters.
Praxisleiter:
Aladdin Sidahmed
Weitere Kernanwälte:
Jalpa Maniar
Referenzen
‘The was professional in handling the matters we referred to them. The service was excellent.’
‘The firm handles information, clients, and work in a very professional manner. The ability to contact partners and associates who are concerned when necessary is what I value most.’
‘Working with Aladdin Sidahmed is great because every meeting we receive the utmost care, accessibility, and reliable legal advice.’
Kernmandanten
Trade Links Insurance Services SPC
Golden Hills Limited
VA Investments CA LLC
Systra SA
Jabal Asset Management Company
The Seven Friends LLC
DHL Worldwide Express & Company LLC
Amex Al Omania LLC
Oman Electricity Transmission Company
Highlight-Mandate
- Advised the China Geo-Engineering Corporation International Ltd (CGCINT- HEICO) JV on a series of contractual disputes related to the Sharqiyah Water Supply Project of project value of OMR130m.
- Advised Denver-based company Crusoe Energy LLC specialising in innovative technology for capturing excess gas from flares in oilfields and converting it into electricity on establishing its legal presence in Oman including the post-incorporation steps involving obtaining electricity generation license, office lease, tax registration, and employees.
MAR Law
Alessandra Zingales leads the corporate department at MAR Law, which advises clients on a diverse range of matters, including licensing, regulations, and, in particular, transactions in the oil and gas, construction, and energy sectors. Taimur Malik holds over 16 years of experience in advising government entities, foreign investors, and funds in various corporate assignments, and is ably supported by senior associate Shehreyar Khan.
Praxisleiter:
Alessandra Zingales
Weitere Kernanwälte:
Taimur Malik; Shehreyar Khan
Kernmandanten
Ministry of Finance
Ministry of Education
Ministry of Health
Oman Sugar Refinery Company LLC
Ministry of Transport, Communications and Information Technology
Oman Broadband Company SAOC
Penicillin General Integrated Industrial Co FZC LLC
Oman Chromite SAOG
Iv3 Aqua Corporation
X2E LLC
Packaging Co. SAOG
Platinumlist
Robert Bosch
TATA SIA Airlines Limited
Astonfield Solar International Limited
Maticmind SpA
Capital Market Authority
Financial Services Authority
Surbana Consultants Pte. Ltd.
Mayer Brown
Nortech Oilfield Technologies LLC
Highlight-Mandate
- Acted as the Omani local counsel in the advisory consortium for the Government.
- Advised MTCIT as part of an advisory consortium, in collaboration with BDO LLC (the financial advisor), in relation to a concession for road traffic services.
- Acted as counsel for Iv3 Aqua Corporation, a US water company, in respect of the acquisition of 100% of the equity in the Qurrayat IWP project company and its debt restructuring.