Eversheds Sutherland advises Al Mutlaq Group

138609997 - a view at a straight facade of a modern building with a dark gray facade. dark gray metallic panel facad. modern architectural details.138609997 - a view at a straight facade of a modern building with a dark gray facade. dark gray metallic panel facad. modern architectural details.

Eversheds Sutherland advises Al Mutlaq Group

November 17, 2021

Jordan
Jordan
Jordan

Eversheds Sutherland has advised Al Mutlaq Group on the acquisition of 36.4% of JWICO’s shares.

Al Mutlaq Group is based in Riyadh, Saudi Arabia and is involved in a range of sectors including manufacturing, electro-mechanical engineering, real estate, utilities and financial investment through strategic stakes and local & international investments.

JWICO, in Jordan, was established in 1975 and specialises in furniture for homes, including kitchen and bedrooms and also offices.

Partner Lana Habash said: “We are happy to have worked with Al Mutlaq Group on this acquisition, which aims to support the regional expansion for both Al Mutlaq and JWICO, a leading Jordanian furniture manufacturing brand. It’s an exciting step for both companies, and we are delighted to be part of it.”

The Al Mutlaq Group said in a statement: ”The investment of Al Mutlaq Group in JWICO is a long-term strategic step that is aimed at building a strong partnership between the two companies in line with Al Mutlaq Group’s regional expansion plans. The partnership will build on JWICO’s strong brand name, long history and technical expertise that will support the operations of Al Mutlaq Group in Saudi Arabia."

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Key contacts

lanahabash@eversheds-sutherland.com

Lana Habash

Partner

Amman, Jordan

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Eversheds Sutherland (Germany) Rechtsanwälte Steuerberater Solicitors Partnerschaft mbB is a partnership with limited professional liability (Partnerschaftsgesellschaft mit beschränkter Berufshaftung) under German law, with its registered seat in Munich, registered with the partnership register of the Munich District Court under PR 1947 and having its business address at Brienner Straße 12, 80333 München, Germany. Eversheds Sutherland (Germany) Rechtsanwälte Steuerberater Solicitors Partnerschaft mbB is part of a global legal practice consisting of separate and distinct legal entities that operate under the name Eversheds Sutherland and provide legal or other services to clients around the world. Each Eversheds Sutherland entity is a separate legal entity and is not responsible for the acts or omissions of, nor can bind or obligate, another Eversheds Sutherland entity. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global entity. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.