King & Spalding advised the shareholders of Middle East oil and gas land drilling company Dalma Energy LLC on the proposed combination of its business operations in Oman and Saudi Arabia with the business operations of KCA Deutag to form an enlarged business under the KCA Deutag Group.
Upon completion of the cross-border transaction, the shareholders of Dalma Energy LLC will receive approximately 22% of the shareholding in the enlarged KCA Deutag Group. The enlarged KCA Deutag Group will become the second largest owner and operator of land rigs in the Middle East, with 46 land rigs in the Middle East.
The cross-office King & Spalding team was led by Dubai-based partners Jawad Ali and Simon Rahimzada. Other lawyers involved included partner Rizwan Kanji (debt capital markets), counsel Asal Saghari (finance), associates Melissa Chan (corporate) and Hamed Afzal (debt capital markets) and trainee lawyer Ruslan Sulaimanov in Dubai, counsel Mohammad Al Ammar (corporate and regulatory) in Riyadh as well as partners Ilan Kotkis (corporate), Daniel Friel (tax), Jules Quinn (employment & benefits), counsel Kim Roberts (employment & benefits) and associate Kelly Nash (corporate) in London.