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Abdulrahman Hammad
Partner at Hammad & Al-Mehdar Law Firm - Private Equity and Venture Capital
Professional Background
Abdulrahman Hammad is a distinguished legal professional with a wealth of experience in both the legal and financial sectors. Currently, he serves as the Managing Partner at Hammad & Al-Mehdar Law Firm, where he showcases his impressive legal skills and dedication to providing top-notch legal services. His previous roles include significant positions such as Partner at the same law firm and Director at Chemya - Western Specialty Chemicals Co., evidencing his versatile expertise in various legal and industrial domains.
Throughout his career, Abdulrahman has held several pivotal roles that have shaped his legal acumen. He began his journey as an Attorney at Saudi Aramco, one of the world's leading energy companies, where he gained invaluable experience in corporate and commercial law. Afterward, he expanded his legal expertise as an Attorney at White & Case, a prestigious international law firm, further enhancing his skills in complex legal matters. His early career also saw him working as a Legal Intern at notable law firms such as Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. and The Alliance of Abbas F. Ghazzawi & Co., which laid a strong foundation for his future success in the legal arena.
Combining his legal expertise with a solid background in finance, Abdulrahman has also served in roles that bridge the two fields. His experience as a Financial Analyst at Saudi Aramco equipped him with critical financial knowledge that complements his legal practice, allowing him to provide comprehensive legal advice to clients dealing with financial and investment matters. This unique blend of law and finance makes him a sought-after expert in both fields.
Education and Achievements
Abdulrahman's academic background is as impressive as his career history. He began his educational journey at the Saudi Aramco College Preparation Center, where he was introduced to essential skills that would serve him throughout his professional life. Following that, he attended KFUPM School, further enriching his educational foundation.
Abdulrahman pursued his passion for law and earned a Juris Doctor (JD) degree from the University of Miami School of Law, where he honed his legal analytical skills, understanding of legal principles, and courtroom strategies. His journey did not stop there; he further advanced his expertise by obtaining a Bachelor of Science (BS) in Finance with a concentration in Investments from Southern Illinois University, Carbondale. This combination of law and finance education has positioned him uniquely in the marketplace, allowing him to navigate complex issues that often straddle both areas.
Abdulrahman's dedication to excellence has not gone unnoticed. His work in law and finance has garnered him respect from peers and clients alike, and he is frequently sought out for his opinions and expertise in various legal forums. His commitment to advancing his knowledge and skills continues to be evident in his career moves and the responsibilities he takes on within the legal community.
Achievements
Abdulrahman Hammad's list of achievements is a testament to his hard work, dedication, and expertise in his fields. As Managing Partner at Hammad & Al-Mehdar Law Firm, he has successfully overseen numerous high-profile legal cases and cultivated relationships with clients that value his trustworthy legal advice. His ability to navigate the complexities of law and finance has played a significant role in the firm’s reputation and success.
His early role as a Financial Analyst at Saudi Aramco not only advanced his knowledge in finance but also provided him with insights that he utilizes to better serve his clients' legal needs. His experience at renowned firms like White & Case further solidified his standing in the legal field, equipping him with skills that are essential in today’s global legal landscape.
Moreover, Abdulrahman's involvement in multiple high-level organizations demonstrates his commitment to both his profession and the community. As Director at Chemya, a position that entails oversight of business operations while adhering to legal standards, he exemplifies the leadership qualities that are critical in today’s dynamic business environment. His ability to blend legal practice with corporate governance is exceptional, positioning him as an authority in both sectors.
Ultimately, Abdulrahman Hammad represents the ideal legal professional—one who embodies expertise, dedication, and a commitment to integrity. As he continues to navigate the intricate worlds of law and finance, his contributions to the field are certain to leave a lasting impact on those he works with and serves. Whether through managing complex legal cases or offering strategic financial advice, Abdulrahman's multifaceted skills position him as a leader and innovator in his field.
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tags':['Legal Expert','Managing Partner','Law Firm','JD Law','Finance Degree'
Highlights
Breaking down the terms and conditions of Saudi Arabia’s 30-year, RHQ Tax Exemption Program.
In December 2023, Saudi Arabia unveiled its tax incentive program to attract foreign companies to establish their regional headquarters within the Kingdom.
The official Umm Al-Qura Gazette has now published detailed terms and conditions of the program.
Here’s what you need to know:
Once companies apply for and receive their regional headquarters license they will be eligible for a zero percent income tax rate on corporate earnings and withholding taxes for 30 years in respect of headquarter activities income.
To be eligible for the tax exemption, companies must: • Hold a valid Ministry of Investment license. • Operate within the RHQ’s licensed activities. • Have appropriate assets and a suitable location in Saudi Arabia. • Meet operational expenses and generate revenues locally. • Employ a sufficient number of qualified full-time employees.
Non-compliance will result in fines of up to SR400,000 and possible suspension or cancellation of tax benefits.
The Zakat, Tax, and Customs Authority will conduct evaluations and audits to ensure compliance, and annual reports and other banking administrative criteria are required.
The clarity around the 30-year tax exemption was widely welcomed as a sign that the Saudi government welcomes foreign investment.
The KSA legal landscape is constantly evolving. If you have a question related to tax examination for RHQs, please do ask in the comments.
hashtag
#KSA #KSALaw #RHQ
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