Multidisciplinary design consultancy Khatib & Alami (K&A) has changed the jurisdiction of its holding company from Lebanon to Singapore.
The company says the move is an important step forward and will support its ambitious plans for international growth.
The change of jurisdiction for K&A Holding, which owns all of the group’s subsidiaries, means it is now subject to Singapore’s judicial system and corporate governance practices.
The decision also provides the company with direct access to international capital markets, putting it at the heart of a growing ecosystem of engineering, construction, technology and financial services companies.
“Singapore is a vibrant and sophisticated financial centre, which is underpinned by strong and transparent corporate and legal frameworks,” says Najib Khatib, K&A’s chairman and CEO. “It therefore provides an ideal platform from which to drive our strategy for business transformation and long-term growth, both organic and inorganic.”
K&A has about 5,000 staff in more than 30 locations, comprising architects, engineers, planners, project managers and other technical specialists. The company’s largest markets are Saudi Arabia, the UAE and Egypt.
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