Dentons Advised The Shareholders Of Gulf Seal On A Strategic Stake Sale To Sika
Dentons advised the shareholders of Gulf Seal on a strategic stake sale to Sika
The global law firm, Dentons advised SMAC, a leading French player in the building envelope sector, and Mr. Khaled Al Mogbel, the shareholders of Awazil Al Khaleej Industrial Co. (“Gulf Seal”), on the sale of 100% of Gulf Seal to Sika.
Gulf Seal, established more than 20 years ago, is a leading manufacturer of bituminous waterproofing membranes based in Riyadh. Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products in the building industry.
The transaction marks a significant milestone in Saudi Arabia’s manufacturing market.
The Dentons team was led by Ziad Saad (Managing Partner, Saudi Arabia), with support from Mohamad Al Rifai (Senior Associate), Gabriel El Jobaili (Associate), Sara Alfaddagh (Associate) and Dima Chehade (Legal Consultant).
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