ABUHIMED ALSHEIKH ALHAGBANI &Clifford Chance (AS&H Clifford Chance) have played a pivotal role in advising Al Rajhi Capital Company (ARC) on establishing a SAR 1.5 billion Sukuk issuance programme. This programme facilitates the issuance of SAR 1 billion Sukuk by Middle East Healthcare Company, also known as Saudi German Health. The Sukuk issued under this programme will be traded on the Saudi Exchange (Tadawul). […]
In a significant development for the automotive industry, Bahrain Mumtalakat Holding Company (“Mumtalakat”) has taken full control of the renowned McLaren Group. This acquisition includes a majority stake in the McLaren F1 team, solidifying Mumtalakat’
Banking & Finance
Transport
United Arab Emirates
Dentons Facilitates US$235 Million Ship Financing for ABGC
International law firm, Dentons has provided legal counsel to a consortium of financiers on a groundbreaking Shari’a-compliant syndicated ship financing, amounting to US$235 million, for a joint venture between Al Seer Marine and BGN,
Banking & Finance
Saudi Arabia
Services
Herbert Smith Guides Lenders On Saudi Water Pipeline Project
International law firm Herbert Smith Freehills has advised the lenders to a joint venture (JV) between Cobra Instalaciones y Servicios and Alkhorayef Water & Power Technologies. The joint venture aims to construct a pioneering 150-kilometer-long
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
Clifford Chance on Cenomi Properties $500 Million Sukuk Issuance
Global law firm Clifford Chance has advised the joint lead managers for a significant sukuk issuance totalling US$500 million by Arabian Centres Company, also known as Cenomi Properties. Additionally, Clifford Chance advised the dealer managers
King & Spalding acted as counsel to Franklin Templeton in the initiation of its operations in Saudi Arabia. Establishing Franklin Templeton Financial Company in Riyadh, regulated by the Saudi Arabia Capital Market Authority, marks
Banking & Finance
Transport
United Arab Emirates
Dubai Aerospace Enterprise Secures US$420 Million Loan
Dubai Aerospace Enterprise Ltd (DAE) has inked a significant deal, signing a US$420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB). This loan is
Banking & Finance
Deal & transactions
United Arab Emirates
ADIO: Tamatem Games Touches Down in Abu Dhabi
Abu Dhabi Investment Office (ADIO) is spearheading the advancement of Abu Dhabi’s gaming ecosystem by supporting Tamatem Games, a prominent Arabic mobile games publisher, in relocating its headquarters to the emirate. This strategic move
Banking & Finance
United Arab Emirates
Sharjah Islamic Bank Pioneers $100M Islamic Facility with TWF
Sharjah Islamic Bank (SIB) has entered into a groundbreaking agreement with the Turkiye Wealth Fund (TWF), marking a significant milestone in Islamic finance. The agreement involves the provision of a Shariah-compliant Murabaha facility worth $100 million
Banking & Finance
Deal & transactions
Oil & Gas
United Arab Emirates
Emarat Teams Up with Al Maryah for Station Naming Rights
Emirates General Petroleum Corporation (Emarat) has entered into a strategic partnership with Al Maryah Community Bank, granting them the prestigious opportunity to secure the first-ever naming rights for its fuel stations. Al
