Baker & McKenzie Advises Abdullah Hashim Group on the Sale of a 25% Stake in the Company to Air Products
29 May 2012
Riyadh, Kingdom of Saudi Arabia, 29 May 2012 – Legal Advisors in association with Baker & McKenzie has advised on the sale of a 25% stake in Abdullah Hashim Group (“AHG”) to Air Products.
AHG is the largest private industrial gases company in Saudi Arabia. It is comprised of three businesses, including industrial gases, equipment and consumables and refrigerants. AHG has three main production locations, in Dammam, Jeddah and Riyadh, plus distribution centers at key locations across the Kingdom.
“We are pleased to have been involved in this significant transaction and the partnership with Air Products now presents expansion opportunites across the Middle East,” said Karim Nassar, Corporate partner based in Riyadh.
The Baker & McKenzie team was led by Karim Nassar supported by Zahi Younes, Corporate partner based in Abu Dhabi.
Baker & McKenzie has been active in the Saudi Arabia market since the mid-1970s, opening its Bahrain office in 1998, Abu Dhabi in 2009 and most recently in Doha in 2011. The Firm’s Middle East and North Africa presence also includes a long-standing office in Cairo.