The Sovereign Fund of Egypt (“TSFE”) through its healthcare and pharmaceutical industries Subfund (“TSFE Healthcare & Pharma Subfund”) and B Investments Holding (“B Investments”), BPE Partners’ flagship investment vehicle, have signed an agreement to invest in B Healthcare Investments (“BHI”), an Egyptian subsidiary of B Investments working in the specialised healthcare services with initial focus in […]
Asafo & Co. advised 54 Capital on its USD21 million growth capital investment, alongside Norfund, in Ethiopian fast-moving consumer goods (FMCG) platform SAMANU. 54 Capital managed a consortium of private investors and worked alongside Norfund in this investment, which is expected to increase the local production of edible oil, create jobs and reduce dependency on […]
Banking & Finance
Banking & Finance
United Arab Emirates
Sequoia Capital acts as lead investor on Tabby’s $58M Financing
Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. The round valued the Dubai-based buy now, pay later start-up at USD660 million. The funding round was co-led by […]
Banking & Finance
Saudi Arabia
Transport
International Maritime Industries establishes new maritime fund
Global law firm White & Case has advised International Maritime Industries, on the establishment of GMF Global Maritime Fund RAIF, a new independent Cyprus-based maritime fund. Based in Saudi Arabia, International Maritime Industries is a joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries. It is currently the largest maritime yard in the Middle […]
Banking & Finance
Banking & Finance
United Arab Emirates
Emirates NBD issues AED 1 Bil notes in AED denominated
International law firm Clifford Chance has advised Emirates NBD on its issuance of AED 1 billion 5.125 per cent. notes due January 2026. In completing the transaction, Emirates NBD has become the first UAE financial institution to support the Federal Government’s UAE dirham Treasury Bonds Programme, through the issuance of AED-denominated notes priced relative to […]
International law firm CMS has advised Oman Broadband Company, wholly owned by the Government of the Sultanate of Oman, on a major new financing deal using a hybrid facility (with conventional and Shariah-compliant tranches) and involving a group of Omani banks, five conventional and three Islamic institutions. The deal is worth OMR 171m (USD 445m). […]
Banque Misr established the first REIT in Egypt, Egyptian Real Estate Fund (I) (Fund), that aims at investing in income generating portfolio of commercial real estate such as shopping malls, office buildings, medical and educational centers within Greater Cairo. Helmy Hamza & Partners, Baker McKenzie Cairo team has represented Banque Misr in the transaction. […]
Banking & Finance
Transport
United Arab Emirates
Hassana to invest USD2.4b in DP World’s flagship UAE assets
International law firm Clifford Chance has advised DP World, a global infrastructure-led supply chain solutions provider, on the USD2.4 billion investment in three of its flagship UAE assets by Saudi Arabia-based Hassana Investment Company, the investment manager for the General Organisation for Social Insurance. Hassana will invest USD2.4 billion in a new joint venture with […]
CMS advised Oman Broadband Company on a major new financing deal using a hybrid facility in a deal worth USD 445 million. . Mandated by the Government to build and develop a broadband structure to address low levels of coverage in parts of the Sultanate, Oman Broadband has agreed this major loan facility over a 16-year term. This […]
Banking & Finance
Banking & Finance
United Arab Emirates
DIB lists $750 mln inaugural sustainable Sukuk on Nasdaq Dubai
Tuesday 06/12/2022 marks the day Dubai Islamic Bank (“DIB”) rang the market-opening bell to celebrate the listing of its inaugural sustainable Sukuk with a value of USD 750 million on Nasdaq Dubai. The Sukuk is the first-ever sustainable Sukuk from a UAE entity and was issued in line with DIB’s Sustainable Finance Framework, which was […]
