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Based in Riyadh, Campbell M. Steedman has over 35 years’ experience representing clients on international mergers and acquisitions, joint ventures, privatisations, Equity Capital Markets (ECM), and other corporate and commercial transactions in emerging markets across the Middle East, Central and Eastern Europe, and Africa. His practice is focused on intricately structured, multijurisdictional transactions.

Capabilities

Experience

  • Advising the National Centre for Privatization/PPP on a number of privatization projects in the Kingdom of Saudi Arabia.
  • Advised Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of the Public Investment Fund (PIF) on its acquisition of 51% of the share capital of Oil Collection Co. Ltd., a company focused on the collection of waste oil product for re-refining.°
  • Advised Unigas on the sale of Al Khafrah Industrial Gases (ALKIG) with Air Liquide to Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG) in the Kingdom of Saudi Arabia, including liquid bulk, packaged gases and specialty gases.°
  • Advising Octagon Dynamics and Shard Capital the development of a US$ 7bn Refinery and Petrochemicals Complex project to be established in the New Alamein City, Egypt, and carried out with direct foreign investment – being one of the largest direct foreign investment projects in Egypt. The project is the first refinery to be built on the Northern Coastline of Egypt, and will utilise Western Desert crude oil.
  • Advised Petro Rabigh Refinery on its acquisition of an industrial park adjoining the refinery in Rabigh, Saudi Arabia from Aramco and Sumitomo, the financing of its phase 2 refinery development and its rights issue on Tadawul.°
  • Advising a Saudi client on its proposed acquisition of a refinery in the Kingdom.
  • Acted for DP World Group in connection with a number of potential and ongoing international investments in Africa, Asia, and CEE, including the acquisition of a 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, and the acquisition of SeaRates.com, a digital platform that enables customers to transport cargo worldwide.°
  • Acted for a UAE-based investment company in connection with the establishment of Careem’s business in Iraq, and in relation to the US$3 billion acquisition of Careem by Uber.°
  • Represented CSL Capital Management in relation to the Middle East aspects of its US$205 million acquisition of Weatherford Laboratories.°
  • Acted for Japanese steel trading company Metal One Corporation, a joint venture of Mitsubishi Corporation and Sojitz Corporation, on its investments in Iteco Middle East, a global steel pipe trading company based in the United Arab Emirates.°
  • Acted for Thomson Reuters in relation to the UAE, Saudi Arabian, Bahraini, Jordanian, Kuwaiti, Omani, Qatari, and Moroccan aspects of the creation of Refinitiv as part of a US$17 billion investment by Blackstone Group.°
  • Represented CPC Holding, a leading Saudi building materials group, on its private placement capital raising through the sale of shares to Standard Chartered Private Equity.°
  • Represented EMTS, a joint venture company established by Etisalat and Mubadala, on its acquisition of Alheri Mobile, a 3G mobile telecoms business in Nigeria, and on its acquisition of Fibertech, a Nigerian fibre optics business. He also advised a consortium led by Vodacom Group in relation to the proposed US$1.3 billion acquisition of V-mobile.°
  • Represented Dhabi Group in the sale of its “Warid” telecommunications businesses in Congo and Uganda to Bharti Airtel, and on the proposed sale of its Ivory Coast business.°
  • Represented TWI Group on its acquisition of Safar Oilfield Services, UAE.°
  • Represented DP World on its US$670 million acquisition of Sokhna Port, Egypt, through the acquisition of a substantial shareholding in ECHCO, the company established for the operation of the port, form Amiral Holdings and Orascom Construction, and on ongoing matters pertaining to the further development of Sokhna Port by DP World.°
  • Represented National Petroleum Construction Company (NPCC) of Abu Dhabi on its investment in Principia, a leading French oil services business.°
  • Represented Qatar Petroleum on its US$500 million IPO of Gulf International Services QSC.°
  • Acted for Etisalat on its acquisition of a controlling minority stake in Pakistan Telecom (PTCL) on the privatisation of PTCL by the Pakistan government. He has also represented Etisalat on transactions in Egypt, Saudi Arabia and Sri Lanka.°
  • Acted for Al Dahra Holdings on its joint venture with Grace for the development construction of the first fluid Catalytic Cracking Catalysts manufacturing place in the Middle East.°
  • Represented the shareholders of a leading African mobile operator based out of Dubai in connection with their strategic review of the business.°
  • Acted for the joint lead managers on the US$270 million IPO and listing of Amanat Holdings on the Dubai Financial Market.°
  • Represented a growing UAE hospital and clinic owner with respect to its acquisition of clinics based in Dubai, the UK, and Slovakia.°
  • Represented the International Finance Corporation (IFC) on certain strategic investments in Pakistan.°
  • Acted for a UAE-based sovereign wealth fund on the sale of its minority stake in a mining concession in Kazakhstan.°
  • Representation of United Gulf Bank on its acquisition of a company holding commercial interests in North Africa and of a controlling stake in Millennium Finance, UAE.°
  • Representation of Oasis Leasing PJSC (now Waha Capital) on its 51 million subscription for 42.5% of the share capital of Bahrain-based Addax Bank.°
  • Representation of an international consortium on its bid to acquire an ownership interest in the Caspian Pipeline.°
  • Representation of Albaraka Banking Group in connection with its corporate restructuring of its subsidiaries in Bahrain and in connection with its US$450 million private placement and US$580 million initial public offering of shares, followed by its listing on the Bahrain Stock Exchange and NASDAQ Dubai.°
  • Advised the Bulgarian government on the privatisation of Expressbank through the sale of a majority shareholding to Societe Generale.°
  • Acted for the Croatian government on the privatisation of Rijecka Banka to Bayerische Landesbank.°
  • Represented GE Capital on its acquisition of a controlling interest in BancPost, Romania, on its privatisation by the Romanian government.°
  • Acted for Bahrain telecommunications operator, Batelco, in connection with Batelco’s US$415 million acquisition of Umniah Telecom, Jordan, on its acquisition of a minority stake in Sabafon, Yemen, and acquisition of a minority interest in Batelco from Cable & Wireless.°
  • Representation of an Abu Dhabi government entity with respect to the exclusive license to commercially exploit the intellectual property rights owned by a world class entertainment company based in Los Angeles with respect to constructing, operating, and managing a theme park and hotel development on Yas Island, Abu Dhabi.°
  • Represented a Dubai-based development company on its proposed projects to develop and operate retail complexes consisting of shopping malls, hotels, and offices in Jordan and Egypt.°
  • Representation of Saudi National Commercial Bank in relation to establishing a Bahrain based US$300 million ORYX Regional Private Equity Fund.°
  • Representation of a large family office based in Abu Dhabi in connection with the proposed listing of one of its regional investment companies on Abu Dhabi Exchange.°
  • Represented National Commercial Bank in its role as Lead Underwriter and Lead Receiving Bank in relation to the IPO of a Universal Car Rental Company, Saudi International Petrochemical Company and a Saudi Paper Manufacturing Company on the Saudi Arabian Stock exchange.°
  • Advised GrowthGate Partners on its investments in Averda (waste management), Rubicon (digital entertainment and media) and IrisGuard (iris scanning technology), and on its divestment of an interest in Able Logistics to Kerry Logistics of Hong Kong.°
  • Advised Samena Capital on its investment in Flemingo, a leading operator of duty free sales outlets in Africa and India.°
  • Advised the government of Romania on the privatisation of the Romanian state telecom operator, Romtelecom, through sale to OTE of Greece, and subsequently Romtelecom on the sale of its mobile operation, Cosmorom, to Cosmote of Greece.°
  • Advised the Romanian, Nigerian, Greek, Moroccan, and Bulgarian governments on the proposed privatisations of their respective state airlines.°
  • Acted for the Bulgarian government on the privatisation of eight electricity distribution companies to a number of international investors.°
  • Acted for the government of the Hashemite Kingdom of Jordan in relation to the proposed privatisation of Jordan Petroleum.°

°The above representations were handled by Mr. Steedman prior to his joining Greenberg Traurig Khalid Al-Thebity Law Firm.

Recognition & Leadership

  • Listed, Chambers Global Guide, Corporate/M&A: Dubai-Based (United Arab Emirates), 2023
  • Listed, The Legal 500 Europe, Middle East & Africa, Saudi Arabia- Commercial, Corporate and M&A, 2023
  • Listed, IFLR1000 EMEA, Highly Regarded: United Arab Emirates; Saudi Arabia: M&A, 2021-2023

Credentials

Education
  • DipLP, University of Aberdeen, 1984
  • LL.B., University of Aberdeen, 1983
Admissions
  • Scotland, U.K.
  • Czech Republic
  • England and Wales