Clifford Chance and Bakers secure $5bn deal to create third largest Saudi bank
Clifford Chance and Baker McKenzie have advised in Saudi British Bank’s (SABB) $4.9bn takeover of Alawwal Bank, creating the third largest lender in the Kingdom. Clifford Chance acted for SABB in Dubai, with a team led by M&A corporate partner Mohammed Al-Shukairy and senior associate Daniel Boyle. Bakers advised Saudi Arabian-listed bank Alawwal Bank alongside its association firm […]