KLA Firm

Our Managing Partner, Fawaz Al-Dubaikhi and Co-Managing Partner Dr. Fadi Daher were delighted to participate in the launch ceremony of real estate projects in Saudi Arabia by Trump Organization in partnership with Dar Global (the offshore operational arm of DarAlarkan) at the four seasons hotel in Riyadh. It was also an opportunity to meet with the Chairman of Dar AlArkan, Mr. Youssef AlShilash, and to catch up with investors and real estate developers,,, The KLA Firm team has been at the forefront of helping Saudi companies in the real estate management and development sector on their corporate structuring, including their conversion to public joint stock and listing journey,,, we have recently assisted and advised First Avenue Real Estate Development on the listing on Saudi Stock Exchange (Nomu market). Further, our Co-Managing Partner previously acted as legal advisor to Sumou Real Estate And Banan Real Estate on the listing in Nomu market; he also represented the following Saudi real estate developers (Kinan-AlAwali-AlSulaiman-Mawten- AlOlaya Real estate- AlRamz) in relation to their corporate structuring (*deals completed at previous firm). Our advisory services, offered to clients by multidisciplinary teams of experts in all areas of real estate industry :- i.e. conveyancing & property financings, development- office and residential&hotel - garage& parking leasing, ground leases, office leasing, real estate joint ventures and retail leasing,,, For more information on how KLA Firm can assist your company in structuring business operations and the listing process, please contact us at info@klafirm.com

🏆🇸🇦 A historic milestone aligned with Vision 2030, showcasing the Kingdom’s commitment to global excellence and innovation. 🌍⚽ #Saudi2034 #Vision2030 #WorldCup

🚀 Big News for Saudi Sports Clubs: Draft Regulation Announced! The Ministry of Sports has introduced a draft version of the Basic Regulation for Private Sports Clubs. While not yet in effect, this proposal is a significant step toward privatization and aligning with Saudi Arabia’s Vision 2030. 🏟️✨ What the Draft Regulation Covers: ✅ Alignment with Companies Law 📊 ✅ Frameworks for improved governance 🏢 ✅ Opportunities for foreign investments in sports 💼 ✅ Moves toward international best practices 🌍 While this is still a work in progress, it sets the stage for clearer rules on incorporation, financial management, and legal status for private sports clubs, paving the way for future development. 🏅 📩 Want to stay ahead? KLA’s legal experts can help you prepare for compliance when the regulation takes effect. Contact us at info@klafirm.com for tailored guidance. ✉️⚖️

The CMA has approved key amendments to enhance the Saudi sukuk and debt instruments market. These updates simplify processes for issuers, attract broader participation, and support market growth. Learn more: info@klafirm.com #RegulatoryUpdates #Sukuk #SaudiArabia #CapitalMarkets #klafirm

The Saudi Shariah Governance Instructions take the solid foundation established by SAMA’s Shariah Governance Frameworks for banks and finance companies and build on it, ensuring even stronger Shariah compliance across the capital market sector. These new guidelines focus on enhancing transparency, accountability, and ethical financial practices within Saudi Arabia’s Islamic finance industry. They are specifically tailored to meet the unique needs of capital market institutions, fostering trust and confidence among investors and stakeholders alike. #ShariahCompliance #IslamicFinance #SaudiFinance Drafted by: Nihal Safi With special thanks to: With thanks to Fawaz Al-Dubaikhi and Dr. Fadi Daher for their assistance in preparing this article. For further information, please contact us at info@klafirm.com

During his business trip to UK our managing partner Fawaz Al-Dubaikhi had the opportunity to attend the Dialogue UK-KSA Capital Markets Forum Select 2024 hosted by Saudi Tadawul Group at Mansion House in London. The event welcomed over 300 attendees including but not limited to (corporate executives, government representatives, policymakers, CEOs,CFOs and industry leaders from various sectors) aiming to enhance cross-border cooperation between KSA and UK capital markets. Further, Tadawul announced yesterday a new partnership with the LSE to host the next Capital Markets Forum-London in 2026. We also had the pleasure to meet the Lord Mayor of the City of London, Michael Mainelli, and Tadawul’s Chief Strategy Officer, Lee Hodgkinson.

The Saudi Personal Data Protection Law (PDPL) takes a pivotal step forward in reinforcing data privacy, providing clear, comprehensive guidelines for handling personal data. These regulations enhance transparency and accountability across sectors, ensuring today’s digital landscape respects individuals' rights while empowering organizations to achieve compliance. Drafted by: Turki Al Ateeq, LL.B, Associate With gratitude to: Managing Partner Fawaz Al-Dubaikhi and Co-Managing Partner Dr. Fadi Daher, for their invaluable insights and expertise, which greatly enriched this analysis.

News Alert: Updated Investment Law! We’re pleased to share the new revisions to the Investment Law have been announced, paving the way for enhanced opportunities for investors and businesses. These updates aim to streamline processes, improve regulatory frameworks, and attract more foreign investment. Stay ahead of the curve and discover how these changes can impact your business strategy. Read more about the details and implications in our latest article!

On 16 October, our managing partner, Fawaz Al-Dubaikhi, celebrated the listing of our client First Avenue For Real Estate Development at the Saudi Stock Exchange in Riyadh. Thank you to Nader Alamri and his splendid team for their trust in KLA Firm.

SAMA’s Shariah Governance Frameworks for banks and finance companies ensure robust Shariah compliance, bringing greater transparency and accountability to Saudi Arabia’s Islamic finance sector. Tailored to meet the unique needs of each industry, these frameworks are designed to foster ethical financial practices and strengthen stakeholder trust. #ShariahCompliance #IslamicFinance #SaudiFinance Drafted by: Hussain Bu Najimah LL.M, Associate. Special thanks to Fawaz Al-Dubaikhi , our Managing Partner, and Dr. Fadi Daher, Co-Managing Partner, for their invaluable insights and expertise in this analysis. For further details or inquiries, feel free to reach out to us at info@klafirm.com, and don’t forget to check out the full article for more insights.