The announcement was made at a signing ceremony during the Future Investment Initiative in Riyadh, which was attended by His Excellency Khalid Al-Falih, Minister of Investment of Saudi Arabia, His Excellency Fahd Al-Rasheed, CEO of the Royal Commission for Riyadh City, Sir Nigel Knowles, CEO of DWF Group, and Mohab Khattab, who will become the CEO of DWF Arabia, a DWF Group entity. DWF has also established a new association with local law firm Al-Ohaly & Partners.
DWF is a leading global provider of integrated legal and business services through its three divisions of Legal Advisory, Mindcrest (an alternative legal service provider) and Connected Services. The Company became the first Main Market Premium Listed legal business on the London Stock Exchange in March 2019. The strategic developments announced today will enable DWF to provide clients in the Kingdom of Saudi Arabia and across the Gulf region with business services supplied by Mindcrest and Connected Services under DWF Arabia, alongside access to Legal Advisory services in the Kingdom of Saudi Arabia through its association with Al-Ohaly & Partners.
Mohab Khattab is an experienced senior Saudi lawyer and executive with a substantial background in M&A and business development in the legal, energy, financial services, and TMT sectors. Prior to DWF, he was the General Counsel and Secretary of the Board of the Saudi Arabian Industrial Investments Company (Dussur).
Al-Ohaly & Partners is a Legal Advisory firm, which will provide counsel on matters relating to dispute resolution, corporate and banking & finance. Abdulrahman Al-Ohaly is a licensed and qualified lawyer with significant experience representing clients in litigation, corporate transactions, M&A, and corporate restructuring within the Gulf region.
Sir Nigel Knowles, Group CEO at DWF Group plc, said: "This is an important step forward for us in developing our ability to support our clients wherever they need us to be. Today, at the Future Investment Initiative, we have committed to develop our regional hub in the KSA where we can offer our differentiated business services to clients through Mindcrest and Connected Services.
"We will build our presence in KSA in the months and years ahead, to support both the Government of Saudi Arabia and the business community as a trusted advisor. The ambitions set out by Vision 2030, will transform both the Kingdom and the wider region and are consistent with our goal of creating job opportunities and contributing to the diversification of the Saudi Arabian economy. DWF Arabia and Al-Ohaly & Partners will work closely with our existing teams in Doha, Dubai and globally."
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