Linklaters advises Tokio Marine & Nishdo Fire Insurance Company on its sale of a 5.75% stake in Arabian Shield Insurance Company to Alinma Bank

Linklaters advised Tokio Marine & Nishdo Fire Insurance Co., Ltd. (TMNF) on its sale of its 5.75% stake in Arabian Shield Insurance Company, a listed company in Saudi Arabia, to Alinma Bank.

The successful completion of this sale underscores Tokio Marine Holdings' strategic objectives of enhancing capital efficiency and diversifying risks.

The Linklaters team was led by corporate partners Amro Bakhaidar and Yoshiyuki Asaoka, and supported by managing associate Mohammad Almania.

Corporate partner Amro Bakhaidar, who is based in the firm’s Riyadh office, commented:

“We are honoured to have had the opportunity to support Tokio Marine on this strategic transaction. The deal consolidates the Linklaters team’s excellent track record of advising on significant public M&A transactions in Saudi Arabia, and demonstrates Linklaters global extensive experience in the insurance sector.”

Linklaters offers full spectrum support to the insurance sector across multiple practice areas globally. The Asia team has recently advised Resolution Re on its first flow reinsurance partnership in Japan.