LAW-

Matouk Bassiouny heads to KSA:Matouk Bassiouny & Hennawy will open a new office in Riyadh in September, with plans to open another in Jeddah, Al Borsa quotes founding partner and corporate and M&A head Omar Bassiouny as saying. The new Riyadh office is part of the firm’s plan to expand to the Gulf region, with the Saudi market in particular showing “great investment potential” thanks to the uptick in M&A and IPO transactions in the kingdom, Bassiouny is quoted as saying.

ENERGY-

Taqa is tapping the Saudi market soon: Qalaa Holdings subsidiary Taqa Arabia is planning to set up shop in Saudi Arabia next month through a 50-50 JV with Saudi Gas Company, Al Borsa quoted CEO Pakinam Kafafi as saying last week. Further details about the agreement will be announced next month, she added. The new JV will work on natural gas distribution and contracting.

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