About

Founded less than 20 years ago, in 1998, Saudi Telecom has seen a rapid and precipitous rise in business. It now finds itself as the largest telecom company in the Middle East and Africa based on market capitalisation, on the back of a range of high profile deals aimed at expanding their reach. Recently, the company completed a particularly large deal in April 2016; acquiring a majority stake in Kuwait Telecommunications as part of a $494m transaction. This agreement, which has allowed the company to significantly expand its operations in Kuwait, was enabled by the company’s legal department, which undertook a range of activities to support its successful completion. In the future the company is looking to streamline its business practices, with projects in the pipeline aimed at selling or restructuring their ownership of their phone mast network, a task which the legal team will again play a large part in. Given the size and complexity of the work they are involved in, the legal team at Saudi Telecom is of a high quality by necessity. With the company’s multi-billion dollar revenue generation and over 17,000 employees, they are able to recruit from the upper echelons of the legal profession in order to achieve this.