Khatib & Alami moves jurisdiction from Lebanon to Singapore

17 July 2018
K&A Holding is now subject to Singapore’s judicial system and corporate governance practices

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.

This article has been unlocked to allow non-subscribers to sample MEED’s content. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here

 

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications