Zain Group le­gal team in Le­gal 500 Gen­eral Coun­sel Pow­erlist

Kuwait Times - - BUSINESS -

Zain Group, the lead­ing mo­bile tele­com in­no­va­tor across the Mid­dle East and Africa an­nounces that its in-house le­gal team has been in­cluded in The Le­gal 500’s GC Pow­erlist: Mid­dle East Teams, join­ing some of the best Gen­eral Coun­sels (GC) and in-house le­gal teams in the world who have al­ready been rec­og­nized for their ex­per­tise and suc­cesses to date.

The recog­ni­tion was be­stowed on Zain Group and other lead­ing Mid­dle East in­house le­gal teams at a gala re­cep­tion held at the Dubai In­ter­na­tional Fi­nan­cial Cen­ter, UAE, on Wed­nes­day 5th Oc­to­ber. Zain Group’s Head of Le­gal, Ad­lai Sha­l­abi, was joined by other distin­guished re­gional GC’s from blue chip or­ga­ni­za­tions in­clud­ing Al Jazeera Me­dia Net­work, Bar­clays, Cit­i­group, GE, Honey­well, Nes­tle Nutri­tion, OSN, Pep­siCo, Google, Sam­sung C&T, Siemens amongst oth­ers. Th­ese le­gal teams from across the re­gion net­worked with their peers, ex­chang­ing ideas and best prac­tice ini­tia­tives, while dis­cussing the fu­ture role of GCs in the Mid­dle East at the event.

Scott Ge­gen­heimer, CEO of Zain Group said, “The suc­cess­ful track record of achieve­ments and cur­rent work that our in­house le­gal coun­sel does is of cen­tral im­por­tance to the suc­cess­ful op­er­a­tion of our busi­ness, and I am very proud of them be­ing rec­og­nized as be­ing among the best in the in­dus­try by an agency as well re­spected as the Le­gal500. In a com­plex en­vi­ron­ment that in­cludes tech­ni­cal, reg­u­la­tory, and com­mer­cial over­sight and more, it is essen­tial to have an in­ter­nal le­gal team that is ca­pa­ble, in­sight­ful, prac­ti­cal, and in­no­va­tive, and we are for­tune to have ex­actly this type of re­source to call upon within Zain.” Rec­og­niz­ing in-house in­no­va­tion, qual­ity and ex­cel­lence for 29 years, The Le­gal 500 has been an­a­lyz­ing the ca­pa­bil­i­ties of law firms across the world. In a new se­ries, The Le­gal 500 has ex­panded its area of con­sid­er­a­tion to the in-house func­tion, rec­og­niz­ing those cor­po­rate coun­sels that are driv­ing the le­gal prac­tice for­ward.

In or­der to be se­lected for in­clu­sion in the in-house le­gal team Pow­erlist for the Mid­dle East, The Le­gal 500 runs a process of nom­i­na­tions, in­ter­views with in­dus­try GC’s and ex­ter­nal lawyers, and back­ground re­search. Us­ing decades of ex­pe­ri­ence, Le­gal 500 is able to se­lect the most in­flu­en­tial in-house le­gal teams by choos­ing those that have had a de­mon­stra­ble im­pact on their com­pany, ei­ther through mar­ket-lead­ing le­gal work, in­no­va­tive ap­proaches to sup­port­ing the busi­ness or mas­tery of busi­ness trans­for­ma­tion is­sues.

Over the past decade, the Zain Group le­gal team has played a key role in the com­pany’s ex­pan­sion across the Mid­dle East and Africa. This has ex­tended to ren­der­ing sup­port to the Zain KSA, Zain Bahrain and Zain Iraq IPOs and list­ings on their re­spec­tive stock mar­kets, and pro­vid­ing as­sis­tance to the var­i­ous de­part­ments of Zain Group and its af­fil­i­ates re­gard­ing le­gal and com­pli­ance mat­ters.

In its 2016 ‘GC Pow­erlist - Mid­dle East Teams’ pub­li­ca­tion, the Le­gal 500 noted, “Given [Zain’s] ex­pan­sive busi­ness strat­egy, Zain’s le­gal de­part­ment is es­pe­cially im­por­tant both for due dili­gence on th­ese deals and for their in­put into strate­gic de­ci­sion mak­ing. Ad­lai Sha­l­abi, group head of le­gal since 2015, leads the func­tion and pro­vides in­put based on his vast ex­pe­ri­ence of the le­gal pro­fes­sion. Th­ese run the full gamut from cor­po­rate struc­tur­ing and strat­egy to hu­man re­sources, though per­haps the most sig­nif­i­cant im­pact has been through ad­vis­ing the com­pany on its ma­jor trans­ac­tions. Dur­ing Sha­l­abi’s ten­ure, the le­gal team has had a ma­jor role in trans­ac­tions val­ued at over $10bn.”

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