Hogan Lovells poached Walid Salib from Eversheds Sutherland, where he ran their Saudi M&A practice for a couple of years after doing similar work at Freshfields. The guy has spent over 14 years in the Middle East helping sovereign wealth funds, private equity shops, and multinational corps close deals. He becomes the third partner at their Riyadh office, which they set up after the kingdom let foreign firms operate independently without needing local partners.
Global dealmaking hit $3 trillion through the first three quarters of this year, up 33% from last year, with Middle Eastern and Asian sovereign wealth funds bankrolling massive transactions. The Saudi government has been dumping money into diversifying its economy away from oil dependence, launching over a trillion dollars' worth of real estate and infrastructure projects. Major deals like the $55 billion Electronic Arts buyout show how the region's investment funds are reshaping global M&A activity.
Global dealmaking hit $3 trillion through the first three quarters of this year, up 33% from last year, with Middle Eastern and Asian sovereign wealth funds bankrolling massive transactions. The Saudi government has been dumping money into diversifying its economy away from oil dependence, launching over a trillion dollars' worth of real estate and infrastructure projects. Major deals like the $55 billion Electronic Arts buyout show how the region's investment funds are reshaping global M&A activity.
