The Legal Department offers Group-wide services including Board secretarial, compliance, information management and document custody. It comprises professionals and support staff who assist all internal departments and operating companies with advice, support on the conclusion and implementation of local and international transactions, corporate matters and litigation.
The legal team continued to familiarize itself and educate the Group on legislative developments and regulatory reforms, a number of which were issued in furtherance to Vision 2030 and the National Transformation Plan.
In 2021, the team welcomed two new members, including a new VP of Legal and a Legal Affairs and Board Secretarial Section Head. The team continued to improve its work processes, adopting improved technology to maximize efficiency and work collaboration, and to facilitate the compilation, retrieval and sharing of documents.
The Department also assisted in resolving some outstanding Covid-19 challenges.
Notable highlights of the year were the team’s shortlisting for the Middle East In-House Team of the Year Award by Asian Legal Business (ALB) / Thomson Reuters; the successful completion of several M&A and real estate transactions; the amicable settlement of several litigation cases; and other awards.
In the coming year, the team will continue to invest in developing its capabilities to deliver maximum value to the Group.