B Investments announced the successful completion of its mandatory tender offer (MTO) to acquire approximately 70% of Orascom Financial Holding (OFH). This transaction is the first MTO to be executed in the Egyptian market through a share swap without a cash component This transaction marks an important milestone for B Investments, reaffirming its position as […]
International law firm, CMS has provided legal counsel to the European Bank for Reconstruction and Development (EBRD) and Meridiam on their equity investment, alongside Hassan Allam Utilities, in HAU Energy BV. This newly established platform
ADQ and OIA Launch US$180 Million Tech Fund
ADQ, a leading Abu Dhabi investment and holding company, announced the launch of the Jasoor Fund, a US$180 million technology-focused fund, in partnership with the Oman Investment Authority (OIA) represented by ITHCA Group. The Jasoor
BVC and Citadel Partner to Launch $30M MENA Project
Beltone Holding (“Beltone”), a leading financial institution, announced that its venture capital arm, Beltone Venture Capital (“BVC”), has entered into a partnership agreement with CI Venture Capital, a subsidiary of prominent UAE-based investment management firm
Clifford Chance Guides SC Ventures-SBI Holdings Joint Venture
Global law firm, Clifford Chance, has advised SC Ventures, the innovation and fintech investment arm of Standard Chartered, on its collaboration with SBI Holdings, a Japanese financial conglomerate. Together, they are establishing a digital asset
PIF and STC Group are forming the largest telecom tower
The Public Investment Fund (PIF) and Saudi Telecommunications Company (STC Group) have signed definitive agreements to form the region’s largest telecom tower company. PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL)
International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
Commercial Bank International (CBI), a prominent corporate and retail bank based in Dubai, has announced a strategic investment in zypl.ai, a fintech startup at the forefront of applying generative AI in lending practices. This