Shadi Haroon

Partner

shadi.haroon@bakerbotts.com

Riyadh

P: +966.11.218.7825
F: +966.11.218.7826
Shadi Haroon Photo

Shadi Haroon's practice centers on corporate structuring, equity offerings, mergers, acquisitions and other corporate transactional matters.

Mr. Haroon has worked on a flow of corporate/M&A mandates in financial services, food & beverages, education, automotive, healthcare, luxury goods, telecoms, defence, mining and oil & gas sectors.

Mr. Haroon has worked for leading overseas investors in their expansion into the Saudi Arabian market and in relation to various corporate, transactional and regulatory matters overseas investors have with regard to the development of their businesses in Saudi Arabia.

Mr. Haroon has a strong track record in advising leading domestic entities on corporate and transactional mandates.

Mr. Haroon has worked for leading investment banks in the Kingdom of Saudi Arabia on fund structuring and capital market regulatory issues.

Related Experience

  • Representing Mott MacDonald International in the establishment and licensing of a 100 percent foreign-owned engineering consultancy in Saudi Arabia.
  • Representing a Saudi Arabian Commercial Bank on the negotiation of a Standstill Agreement with one of the Kingdom's largest contracting companies to enable the company to pursue a recapitalisation plan.
  • Represented Derayah in the joint venture for the establishment of the VIF 360 Digital Bank (including in respect of obtaining a banking license from the Saudi Central Bank) and on the joint venture agreement and investor agreements entered into by the initial investors in the Digital Bank.
  • Representing a UAE conglomerate in relation to its acquisition of a 51 percent stake in a real estate development company. The project includes the development and operation of a flagship retail mall in Riyadh, Saudi Arabia.
  • Represented PHI Air Medical L.L.C. on its contract with Saudi Arabian Red Crescent Authority in relation to the provision of helicopter emergency medical services (HEMS) and the sale of seven helicopters.
  • Represented a beverage company on US$46 million sale of one of its beverage businesses based in Riyadh.
  • Represented American Express (Saudi Arabia) on the conversion of the company from a limited liability company to a closed joint stock company.
  • Represented a Saudi Investment Bank in the liquidation of a private equity fund valued at $150 million.
  • Advised a Saudi steel engineering and manufacturing services company in its $115 million cross-border divestiture of its wholly owned steel fabrication company.
  • Advised a multinational mining company and its subsidiaries in Saudi Arabia on a joint venture and divestment of $200 million of its mining interests in Saudi Arabia.
  • Represented a UAE conglomerate on its $135 million cross-border acquisition of a Saudi Arabian automotive company and its affiliates in Lebanon, Egypt, and Iraq.
  • Represented the Saudi Investment Bank in the spin-off of its Saudi JV with BNP Paribas.
  • Representation of Weqaya Takaful Insurance and Reinsurance Company in connection with the offering to public through an IPO of 8,000,000 of its ordinary shares (representing 40% of its share capital).
  • Represented Abdullah Al Khodari Sons Company in the restructuring plan and the conversion of its legal status from a general partnership into a joint stock company and the offering of 30% of its capital to the public through an IPO.
  • Represented PCCW on a bid for fixed line telecommunications license in Saudi Arabia and advised the consortium company in relation to its IPO with the Saudi Stock Market.
  • Represented a Bahrain Investment Bank on the acquisition of a majority stake in a Saudi company specialized in transportation of hazardous industrial materials.
  • Advised a GCC-based private equity group on the acquisition of a 50 percent interest in a company operating national schools in Saudi Arabia.
  • Advised a consortium bidding on privatization of catering and Sky Sales business of Saudi Arabian Airlines.

Awards & Community

Recognized as a "Next Generation Partner" in The Legal 500 EMEA/Saudi Arabia for Banking & Finance, 2021 & 2022

Mentioned in The Legal 500 EMEA/Saudi Arabia for Banking & Finance, Commercial Corporate/M&A, Projects & Energy 2017-2020

Listed in Chambers Global-Saudi Arabia for Corporate/Commercial (Band 3), 2019-2022


"He knows the Kingdom extremely well and makes himself available to his clients."

Chambers Global - Saudi Arabia Corporate/Commercial 2022

"Shadi Haroon often acts for defence clients and other multinationals on a range of corporate structuring and market entry mandates."

Chambers Global - Saudi Arabia Corporate/Commercial 2021

"He has a long track record in the Kingdom and is an expert on local law and practice…his advice is well reasoned and reliable."

Chambers Global - Saudi Arabia Corporate/Commercial 2021

"He has notable experience advising energy clients on corporate and M&A transactions."

The Legal 500 EMEA - Saudi Arabia Projects & Energy 2021

"Shadi Haroon is an impressive corporate practitioner regularly mandated by multinational clients from such sectors as energy, banking and defence."

Chambers Global - Saudi Arabia Corporate/Commercial 2020

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