Linklaters advises Hassana on its US$2.4bn strategic investment in DP World's flagship UAE assets
Linklaters advised Hassana Investment Company (Hassana), on behalf of the General Organization for Social Insurance of the Kingdom of Saudi Arabia (GOSI), on a landmark c. US$2.4bn investment in three of DP World’s flagship UAE assets, valued at approximately US$23bn.
Hassana is the investment manager of GOSI. With over SAR 1trn (US$300bn) of assets under management, Hassana manages one of the largest pension funds in the world with a diversified portfolio of local, regional and global investments across asset classes.
The UAE assets comprise Jebel Ali Free Port, Jebel Ali Free Zone and the National Industries Park, a best-in-class group of infrastructure assets, with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 9,000 companies from around the world, serving more than 3.5bn people globally. The three assets generated pro-forma 2021 revenue of US$1.9bn.
Linklaters’ well-established corporate practice is renowned for advising on landmark transactions in the region. It is the firm’s commitment to excellence and in-depth understanding of the legal and commercial landscape that enables it to deliver innovative advice to help clients successfully pursue opportunities and realise strategic investments.
The transaction was led by Linklaters' corporate partner Waleed Rasromani and banking partner Omar El Sayed, with support from managing associates Claire Neil and Andrew Heller.