02 03 2016

Sanabil Investments Acquires 20% Stake in Almana General Hospitals

The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins advised Sanabil Investments, a closed joint stock company wholly owned by the Public Investment Fund and headquartered in Riyadh, in connection with its acquisition of a 20% equity stake in Ebrahim Mohammed Almana & Brothers Co.


This is the third direct investment by Sanabil Investments in the last twelve months and is part of Sanabil's strategy to invest in the Saudi economy and contribute to the Kingdom's National Transformation Program. Sanabil Investments is a sovereign wealth fund of Saudi Arabia specializing in direct and fund of funds investments. The firm led by Ibrahim M. Al-Romaih and John B. Breen is based in Riyadh. The V&E corporate team was led by partner Looaye Al-Akkas (Picture) with assistance from senior associate Shihana Alazzaz and associate Murad Al-Toukhi.  Involved fees earner: Looaye Al-Akkas - Vinson & Elkins LLP; Shihana Alazzaz - Vinson & Elkins LLP; Murad Al-Toukhi - Vinson & Elkins LLP;

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