Lumina Capital Advisers predicts strong deal activity across the KSA / UK corridor, emerging from easing travel post-Covid-19 crisis, Brexit and Vision 2030 implementation. With localization becoming critical for transaction execution, Fikry Younis has joined Lumina as a Partner, permanently based in Riyadh. Fikry previously served as Adviser at the Ministry of Investment of Saudi Arabia and he held executive roles at Alkhabeer Capital in Jeddah and Shuaa Capital in Riyadh.
Move reinforces Lumina’s commitment to local execution capability in Riyadh, London, and Dubai
Rick Pudner, Lumina Executive Chairman, speaking from London, said:“Lumina has developed an enviable track record of advising companies, family conglomerates and investors on navigating complex cross-border deals through harnessing our on-the-ground capabilities in London, Riyadh and Dubai. We are delighted to welcome Fikry Younis as head of Lumina Saudi Arabia. With his decades of experience advising companies in the Kingdom, our international clients now benefit significantly from local delivery capabilities.”
Lumina predicts robust deal activity across the KSA / UK corridor, off the back of strengthening of recent bilateral trade ties
Reaffirmed by recent bilateral ministerial visits between Saudi Arabia and the UK, investment into key UK sectors such as healthcare and education are set for significant growth over the coming years. The just-announced successful takeover of Newcastle United by Saudi Arabia’s Public Investment Fund (PIF) is an early example of ongoing investment into the UK. In addition, rapid growth is expected in hospitality, entertainment and infrastructure services sectors between the UK and KSA. As a result of significant economic initiatives announced in the Kingdom, and as the world enters a post-Covid and Brexit era, UK companies are actively seeking to reposition and reaffirm partnerships and investments to capitalize on significant growth opportunities both ways.
Lumina ex-government adviser, M&A veteran Fikry Younis as Riyadh based Partner to lead expansion in Saudi Arabia
Fikry Younis, Lumina KSA Partner, speaking from Riyadh said: “I look forward to spearheading the firm’s growth across the Kingdom. I am excited to be part of the Lumina team, to lead and enhance our presence in Saudi for our clients. The rapid growth we are seeing in KSA M&A activity, in addition to Vision 2030, as well as Brexit, are resulting in a myriad of bilateral trade opportunities across Lumina key markets. As a result, we expect that M&A activity between Saudi Arabia and the UK will continue to witness an upward momentum. With our deep knowledge and expertise, we are confident that we can provide unmatched advice to our clients in both markets”.