Allen & Overy advises Samena Capital

Allen & Overy announced that it has advised Samena Capital on the acquisition of 30.58 per cent of the share capital of RAK Ceramics PJSC (RAK Ceramics) from His Highness Sheikh Saud Bin Saqr Al Qassimi, Ruler of the Emirate of Ras Al Khaimah, and one of the founding shareholders of RAK Ceramics. Samena Capital is a principal investment group focusing on investments across multiple asset classes in the Subcontinent, Asia, Middle East and North Africa, collectively known as the SAMENA region.  Samena Capital will be represented on the board of RAK Ceramics.

The UAE-based team was led by Dubai-based partners Simon Roderick and Andrew Schoorlemmer, with assistance from Zeid Qursha, Mahmoud Kherallah, Charles Buckworth and Omran Al Rasheed.  Abu Dhabi-based partner Ibrahim Mubaydeen provided specialist advice on UAE capital markets and regulatory matters.  The Allen & Overy team worked closely with Samena Capital's in-house legal team, which was led by Markus A. Federle. The acquisition was conditional on approval by the UAE’s Securities and Commodities Authority and was implemented through an on-market “block-trade” on the Abu Dhabi Securities Exchange.