Rad El Treki

The 2025 Healthcare Odyssey

Welcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.

In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.

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The leading law firm in the Middle East & North Africa region.

Biography

Rad is an England & Wales qualified Partner and heads the firm’s Bahrain Office with over 20 years of experience practicing in the UK and across the Middle East.

Rad leads the Bahrain office’s highly-ranked Corporate practice. He delivers a diversified and broad corporate commercial offering with particular expertise in cross border M&A, corporate finance, corporate structuring, group re-structurings, and JVs. Additionally, Rad has a wealth of experience advising on big-ticket state mandated project financings, particularly within the energy / O&G sector. His extensive experience includes the start-up and scale-up space, advising entrepreneurs, incubation and acceleration centres, private equity firms, and venture capitalists in Bahrain and the wider region. He also regularly delivers related presentations, mentoring, coaching, and workshops.

Rad’s clients include domestic, regional and international public and private companies, sovereign wealth funds, international conglomerates, private equity funds, venture capital firms and a wide range of leading start-up and scale up entities, including a number of the region’s ‘Unicorns’.

Rad qualified as a Solicitor in England and Wales in 2005 whilst working for a large UK regional law firm. From there, he moved to the Middle East, joining a first tier firm in Qatar advising on some of the most significant projects in the country, before moving to a leading global firm in Riyadh, Saudi Arabia, thereafter joining Al-Tamimi & Company in 2016.

Rad is ranked as a “Leading Individual” and shortlisted for Bahrain Lawyer of the Year, 2023 by Legal 500. He is also a “Ranked Lawyer” by Chambers & Partners for Corporate, Commercial and M&A, and is named as one of the 50 leading lawyers in the MENA region by Thomson Reuter’s Asia Legal Business in 2023, 2022 and 2021.. Rad is also included in Legal 500’s M&A Powerlist for the Middle East Region.

Recent Experience

Representing Bahrain’s premier finance and currency exchange group (comprising banking, financial services, cash management soloutions, money exchange, money remittance and transfer services and international payment services) with operations throughout Asia and the GCC) on the sale of its group business and subsidiaries.
Advising a regional sovereign wealth fund with respect to its potential role in Bahrain Government’s rooftop solar photovoltaic project (total capacity of 72MWac) to be mounted on public sector building rooftops including the Bahrain Formula 1 Circuit, University of Bahrain, Bahrain International Exhibition & Convention Centre and Al Dana Amphitheatre, together with the extensive roll out of EV charging stations.
Advising one of the world’s leading data centre providers on its prospective Joint Venture with a major Bahrain based TelCo for the purposes of constructing and operating multiple market leading data centres and technology parks in Saudi Arabia and Bahrain.
Representing Rental Solutions & Services Limited (RSS) a leading tech-enabled temporary and backup power solutions provider with operations in UAE, Saudi Arabia and Bahrain on its sale to Sancta Capital via issuance of a USD43M Shariah-compliant seniot secured debt instrument.
Representing Rental Solutions & Services Limited (RSS) a leading tech-enabled temporary and backup power solutions provider with operations in UAE, Saudi Arabia and Bahrain on its sale to Sancta Capital via issuance of a USD43M Shariah-compliant seniot secured debt instrument.
Advising Raya Group (listed on the Egyptian Stock Exchange) in its acquisition of a majority stake in Gulf CX, one of the leading call center services provider across the Gulf region with operations HQ-ed out of Bahrain.
Representing Koch Chemical Technology Group Saudi Arabia Limited (part of the Koch global group) on its acquisition of the operating assets of Titanium Steel & Manufacturing Co Ltd, a wholly owned subsidiary of Saudi Steel Pipe Co (a company listed on the Saudi Stock Exchange).
Local Counsel advising Saudi Arabian Fertilizer Company (SAFCO) on the Bahrain related elements of its proposed US$1.2bn acquisition from SABIC of interests in various agricultural nutrient assets, including SABIC’s interests in Gulf Petrochemical Industries Company (GPIC) in Bahrain.
Al Dur II Integrated Water & Power Plant (IWPP): Advising the lenders as local lead counsel in relation to the corporate related aspects of the development, ownership and operation of the Al Dur II IWPP project, one of the largest project financings in Bahrain and the GCC in recent years (project value c. US$1.5bn).