Panoramic: Automotive and Mobility 2025
Walid J. Salib
Partner Corporate & Finance
Languages
Arabic, English
Walid focuses his practice on all aspects of private and public M&A transactions (inbound and outbound), corporate reorganisations, joint ventures, strategic alliances and complex commercial projects. Walid is sector agnostic and has represented clients in a variety of sectors including oil and gas, infrastructure, education, healthcare, life sciences and F&B/QSR. He advises on the full cycle of a transaction including sector specific and merger control approvals.
Walid's clients include sovereiegn wealth funds, private equity firms, multinational corporations and family offices.
Advising a GCC sovereign wealth fund on aquisition of a significant minority equity stake in the International Company for Water & Power Projects (ACWA Power) and the follow-on acquisitions in ACWA*
Advising a GCC sovereign wealth fund on a joint venture with Alabbar to establish an online retail platform and to increase its stake in a leading Saudi electricity and water generation company*
Advising the investment fund vehicle (Jada) on investing in a local private equity fund aimed at the quick service restaurants sector*
Advised a GCC sovereign wealth fund on a consortium with a US oil‑and‑gas company and SIIG for the USD 3.6bn financing of Saudi Arabia’s NCP Project, involving ECA, SIDF, and commercial bank funding*
Advising a GCC sovereign wealth fund on acquisition of a significant minority stake in RSGT (Red Sea Gateway Terminal) which is a red sea port operator in Saudi Arabia*
Advised a GCC sovereign wealth fund on a potential cross‑border JV with a Korean lithium‑battery manufacturer to build a lithium‑ion battery factory and technology center in Saudi Arabia*
Advising a GCC sovereign wealth fund on a landmark investment in the first fully digital bank in the Kingdom called D360 Bank. The investment represents a joint venture with Derayah Financial Company*
Advising a GCC sovereign wealth fund on the acquisition of the entirety of the shares in Saudi Centre for Artificial Intelligence*
Advising a GCC sovereign wealth fund on potential acquisition of a significant minority stake in a Hydrogen and Nitrogen gas manufacturing facility in KSA*
Advising a GCC sovereign wealth fund on the joint venture with the health arm of another SWF to create rehabilitation service centres in Saudi Arabia*
Advised a GCC sovereign wealth fund on acquiring a significant minority stake in the region’s largest onshore and offshore oilfield services provider, including submersible pumping operations*
Advising a GCC sovereign wealth fund on acquiring a significant minority stake in the region’s largest supplier and manufacturer of pharmaceutical, healthcare, and medical equipment products*
Advised TPG Capital and Abraaj on acquiring Kudu, a major QSR chain with 316+ branches and 5,000+ staff in Saudi Arabia and Bahrain, and later advised TPG and Actis on their full exit from Kudu*
Acting for one of the largest KSA family endowments on the disposal of the largest poultry company in the Middle East with operations in Cairo, Jordan and UAE (other than KSA)*
Acting for Banque Saudi Fransi Capital on the acquisition of one of the largest regional payment solutions providers (headquartered in Kuwait with operations all across the GCC and Middle East)*
Advising Ceer Motors on its franchising/agency/distribution strategy/plans in Jordan and across the Middle East*
CNIC Corporation (one of China’s SWF’s) on its investment in Aramco Oil Pipelines alongside other Chinese SWFs and EIG Global Energy Partners - total investment is a 49% stake*
China Merchants Union (one of China’s SWF’s) on its investment in Aramco Gas Pipelines alongside Blackstone and Hassana - total investment is a 49% stake*
Advised Alpha Capital Saudi and its F&B Growth Fund on acquiring 35% of Food Specialized Company, operator of six burger restaurants, and on purchasing a minority stake in a listed company*
Khazanah Nasional Berhad on the divestment of their entire stake in Jadwa Investment Company, held indirectly through a Bahraini subsidiary, for an undisclosed sum*
Shiseido on reorganising Shiseido’s Saudi business and look to set up a joint venture to streamline the Saudi operations*
Adviced on a regional low cost airline, together with Goldman Sachs on the sale of the entirety of the business to a regional sovereign wealth fund*
Adviced on KSA and the region’s largest insurance company on the purchase of a KSA listed insurance company*
*Matter handled prior to joining Hogan Lovells.