The transaction is expected to be completed in the third quarter of 2007.
TAIB, established as a private bank in Bahrain in 1979 and listed on the Bahrain Stock Exchange since 1994, specializes in wealth management and investment banking.
The King & Spalding legal team on the transaction consisted of partner Benjamin Newland and senior associate Wael Wahbeh, both of the Dubai office.
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King & Spalding represents TAIB Bank in sale of controlling interest to Dubai Holding
- Bahrain: Saturday, June 23 - 2007 at 12:40
- PRESS RELEASE
King & Spalding, a leading international law firm, advised Bahrain-based TAIB Bank and its shareholders on their agreement to sell a 60 per cent interest in the bank to Dubai Financial LLC, the financial holding company for Dubai Group.
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About King & SpaldingKing & Spalding is an international law firm with more than 800 lawyers in Atlanta, Dubai, Houston, London, New York, Riyadh (affiliated office) and Washington, D.C. The firm represents half of the Fortune 100, and in a Corporate Counsel survey in August 2006 was ranked one of the top ten firms representing Fortune 250 companies overall.
Kimberly Brooks
PR Manager
King & Spalding
1185 Avenue of the Americas
New York, NY 10036
212-827-4378(office)
212-556-2222 (fax)
Posted by Lara Lynn Golden, News EditorSaturday, June 23 - 2007 at 12:40 UAE local time (GMT+4)
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This article was updated on Sun Jun 24 2007.
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