Khaled Juffali Co. acquired 38.1% stake in United Power Company (SAOG) (MSM:UECS) from MENA Infrastructure Fund LP, managed by Fajr Capital Limited, MENA Infrastructure Fund (GP) Limited and Waha Capital PJSC, Investment Arm in February 2016. The transaction received all regulatory approvals including Authority for Electricity Regulation, Oman. David Charlier, Chris Young and Mhairi Main Garcia of Ashurst LLP acted as legal advisor for Khaled Juffali Company Ltd. Iain Black, Patrick Tweedale, Nick Simpson and Yasser Taqi of Dentons acted as legal advisor for MENA Infrastructure Fund (GP) Limited.

Khaled Juffali Co. completed the acquisition of 38.1% stake in United Power Company (SAOG) (MSM:UECS) from MENA Infrastructure Fund LP managed by Fajr Capital Limited, MENA Infrastructure Fund (GP) Limited and Waha Capital PJSC, Investment Arm in February 2016.