Welcome to the monthly HMCO Legal Connect newsletter, designed to keep you informed and updated on the latest legal developments and news.

Welcome to the monthly HMCO Legal Connect newsletter, designed to keep you informed and updated on the latest legal developments and news.

Analysing the Legal Framework for Equity Crowdfunding in Saudi Arabia

Equity crowdfunding has emerged as a transformative mechanism for raising capital, particularly for startups and small businesses seeking alternative funding. Saudi Arabia, a burgeoning hub for entrepreneurship and innovation, has seen a growing interest in equity crowdfunding, backed by a regulatory framework designed to facilitate this form of financing.

Read further here: https://hmco.com.sa/analysing-the-legal-framework-for-equity-crowdfunding-in-saudi-arabia/


Navigating Commercial Contracts in the Digital Age: Legal Perspectives in Saudi Arabia

The commercial sector in Saudi Arabia is witnessing significant transformations due to the rise of e-commerce, digital platforms, and cross-border transactions. These changes create unique opportunities and challenges for businesses operating within the Kingdom, necessitating a robust understanding of the evolving legal frameworks governing digital transactions and contract laws.

Read further here: https://hmco.com.sa/navigating-commercial-contracts-in-the-digital-age-legal-perspectives-in-saudi-arabia/


Navigating Debt Restructuring Solutions for Saudi Businesses: Legal and Practical Insights

Businesses grappling with financial difficulties increasingly turn to debt restructuring. This strategic move aims to realign the terms of existing debt with the debtor’s repayment capabilities, restoring stability and ensuring continuity of operations. We delve into the debt restructuring landscape in Saudi Arabia, offering legal and practical insights into the mechanisms available and their implications for businesses and creditors.

Read further here: https://hmco.com.sa/navigating-debt-restructuring-solutions-for-saudi-businesses-legal-and-practical-insights/


The team at HMCO have been involved in several notable finance deals recently. We share a small selection here:

Our finance team was pleased to advise Jahez International Company during the Series Seed Equity Finance round for its investment in Moyasar ???? , a leading fintech provider. The deal, valued at $20 million, is pivotal in Jahez International's strategic investment initiatives, significantly enhancing Moyasar's capacity to innovate and expand its fintech solutions. This investment is particularly impactful as fintech continues to be essential to Saudi Arabia’s economic diversification and digital transformation efforts.


Our finance team proudly acted as legal advisors to Abyan Capital on its Series A funding round, led by STV. The total investment amounted to $18 million, marking a significant milestone for Abyan Capital as it continues to scale and innovate. Our expert legal guidance ensured smooth navigation through the regulatory landscape, compliance with all financial requirements, and successful completion of the funding process.


"We are delighted to be ranked for our M&A practice, which recognises the exceptional deals and quality of work our team has delivered. The independent external validation further fortifies our commitment to our clients" SUHAIB HAMMAD, PARTNER

Market News

SAUDI ARABIA

SAMA Seeks Public Consultation on Updates Rules for Engaging in Debt-Based Crowdfunding

Rules and Procedures of ZATCA Dispute Settlement Committees and Disputes

MoC Issues a Decision Penalizing Companies for not Submitting their Financial Statements

UNITED ARAB EMIRATES

ADGM Publishes a Consultation Paper on the Comprehensive Revamp of its Real Property Regulations

A New Corporate Tax Guide on Free Zones is Released by the Federal Tax Authority

UAE, Qatar Sign Double Taxation Avoidance Agreement


To discuss the articles in this newsletter, or to discuss your legal requirements contact us at [email protected]

The facts and information in this newsletter were accurate at the time of publishing. We do not take responsibility for the content in external or third-party sources referenced herein. Readers should verify all information independently.

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