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Cases & Deals

November 10, 2022

Naqel Express Sells Shareholding Interest to Saudi Post

King & Spalding LLP provided legal advice to the seller about the sale of a shareholding interest in Naqel Express Company to the Saudi Post.

Naqel is a leading Saudi-based shipping and courier company operating in 16 countries worldwide (including the Middle East, Asia, Europe, and the US), providing comprehensive logistics and clearance solutions for both light and heavy-weight shipments for a wide range of customers and industries.

Saudi Post, established in 1926 to link the Kingdom of Saudi Arabia with the world, and to provide logistic postal services that reach the customer expectation, with a vision to be the national champion in postal and logistics solutions providing added value to its customers.

The King & Spalding team that was involved in this advice included Nabil A. Issa and Osama Zaid.