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Eversheds Sutherland advises Al Mutlaq Group

  • Jordan
  • Corporate - Deal alert

17-11-2021

Eversheds Sutherland has advised Al Mutlaq Group on the acquisition of 36.4% of JWICO’s shares.

Al Mutlaq Group is based in Riyadh, Saudi Arabia and is involved in a range of sectors including manufacturing, electro-mechanical engineering, real estate, utilities and financial investment through strategic stakes and local & international investments.

JWICO, in Jordan, was established in 1975 and specialises in furniture for homes, including kitchen and bedrooms and also offices.

Partner Lana Habash said: “We are happy to have worked with Al Mutlaq Group on this acquisition, which aims to support the regional expansion for both Al Mutlaq and JWICO, a leading Jordanian furniture manufacturing brand. It’s an exciting step for both companies, and we are delighted to be part of it.”

The Al Mutlaq Group said in a statement: ”The investment of Al Mutlaq Group in JWICO is a long-term strategic step that is aimed at building a strong partnership between the two companies in line with Al Mutlaq Group’s regional expansion plans. The partnership will build on JWICO’s strong brand name, long history and technical expertise that will support the operations of Al Mutlaq Group in Saudi Arabia."