First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s largest bank with the prowess of the global technology leader, Microsoft. At the heart of this collaboration lies the establishment of […]
HFW, a specialized international law firm, provided counsel to Al Seer Marine and BGN on the financing arrangements for the construction of three Very Large Gas Carriers (VLGCs) in Korea and Japan. The AED863 million
Zaki Hashem and Partners has provided legal counsel to the National Bank of Egypt (NBE) in its acquisition of a 24% stake in Hyde Park Developments from the Egyptian Arab Land Bank. Hisham Okasha, Chairman of
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.
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
