Saudi Arabian Oil Company (SASE:2222) entered into definitive agreement to acquire 40% stake in Gas & Oil Pakistan (Pvt.) Ltd on December 12, 2023. The transaction is subject to certain customary conditions, including regulatory approvals. Rajesh Singhi, Galid Lahdahda, Bidu Prakash Das, Karthik Sathi, Paul Quek, Naveen Thapar, Ankit Agrawal, Brian Lee and Emanuele Ramazio of Standard Chartered Bank acted as financial advisor to Saudi Arabian Oil Company.

Sonia Abdul-Rahman (Dubai), Ivan Paskal (Dubai) of White & Case LLP, Saul Daniel (Singapore) of White & Case Pte. Ltd., Strati Sakellariou-Witt (Brussels) of White & Case LLP Avocats-Advocaten, Sang I. Ji, Steven Gee (both New York), Hansel Pham (Washington, DC) of White & Case LLP acted as legal advisor to Saudi Arabian Oil Company.