King & Wood Mallesons has advised a shareholder in the El-Khayyat Group on the purchase of LafargeHolcim’s interest in in Al Safwa Cement Company, Saudi Arabia for an undisclosed amount.

Prior to the transaction, Al Safwa Cement was a joint venture between the El-Khayyat Group, a construction materials supplier in Saudi Arabia and LafargeHolcim, a leading construction materials business specialising in cement, concrete and aggregates that employs 115,000 people worldwide.

Hamish Walton, Head of Corporate in the Middle East, said: “We are delighted to have advised on this significant transaction involving some of the leading players in the construction field in the Kingdom of Saudi Arabia.”

The King & Wood Mallesons team was led by Dubai partner Hamish Walton, with senior associate Sandeep Dhama and a Saudi team led by partner Majed Almarshad, who acted on behalf of the purchaser.