valU’s Acquisition of a Stake in FAS Finance

Baker McKenzie advised EFG Hermes and valU on the deal.

valU executed an acquisition of a stake in a new Saudi consumer finance player, FAS Finance, and its joint venture arrangements with FAS Labs Holding, owned by Fawaz Abdulaziz Alhokair & Co (Alhokiar) and Arabian Centres Company (ACC). 

The Baker McKenzie team was led by Partner Hani Nassef (Picture) and Senior Associate Ingy El Kady (Corporate and M&A, Cairo). Partners Mohamed Barakat (Corporate and M&A, Cairo), Nasser B. Alfaraj (Corporate & Securities, Bahrain) and Zahi Younes (Corporate & Securities, Riyadh) advised on the KSA law aspects of the transaction with support from Senior Associate Tamim AlKhudhayri (Corporate & Securities, Riyadh), Associate Yousef Bugaighis (Corporate & Securities, Riyadh), and Trainee Associate Mohammed AlMudimigh (Corporate & Securities, Riyadh). Anti-trust advise was provided by Partner David Monnier (Competition, Riyadh).

Involved fees earner: Nasser Alfaraj – Baker McKenzie; Tamim AlKhudhayri – Baker McKenzie; Mohamed Barakat – Baker McKenzie; Yousef Bugaighis – Baker McKenzie; Ingy El Kady – Baker McKenzie; David Monnier – Baker McKenzie; Hani Nassef – Baker McKenzie; Zahi Younes – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: EFG Hermes; valU;