In a pioneering move, Al-Yaqout & Al-Fouzan Legal Group (YFLG) has secured the first-ever approval from the Bankruptcy Authority for the restructuring request of a prominent insurance company in Kuwait, following the enactment of Law 71/2020. Led by Abdullah Al Sahw, Head of Insurance, alongside Khalifah Al Yaqout, Managing Partner, and Hamed Al Kandary, Senior […]
Beltone Financial Holding is set to acquire 100% of SODIC’s securitization subsidiary, SODIC for Securitization, following approval from its general assembly. The transaction involves Beltone acquiring 5,000 shares at EGP 1,000 each, along with an additional payment
International law firm King & Spalding has acted as legal counsel to Arcapita on the launch of ARC KSA Logistics Fund III, a significant Saudi Arabian fund that successfully raised SAR 1.8 billion (approximately $500 million). The
Global law firm, King & Spalding, provided legal counsel to Alkhabeer Capital in the successful establishment of the Alkhabeer Diversified Income Traded Fund 2030, slated for listing on the Saudi Stock Exchange. The fund aims to
First Abu Dhabi Bank (FAB) and Mastercard have joined forces in an exclusive long-term global partnership, expanding their extensive collaboration across the Eastern Europe, Middle East, and Africa (EEMEA) region. The groundbreaking agreement, covering key
Al Rajhi Bank, one of the world’s largest Islamic lenders, successfully raised $1 billion through the sale of 5-year sustainable Islamic Bonds or ‘sukuk’, according to a document from arranging banks released on Tuesday.
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons Guides Joint Lead Managers in Binghatti’s Sukuk Debut
Global law firm, Dentons provided legal counsel to the joint lead managers in Binghatti Holding Limited’s debut issuance of US$300 million trust certificates due 2027. The transaction, completed on February 29, 2024, involved Binghatti Sukuk Limited as
Banking & Finance
United Arab Emirates
Clifford Chance Guides Sharjah’s $750M Sustainable Bond Issue
Global law firm Clifford Chance has provided legal counsel to the Government of the Emirate of Sharjah in a significant milestone: the issuance of $750 million sustainable bonds. The Government, represented by the Sharjah Finance Department,
ASAR – Al Ruwayeh & Partners served as legal counsel to Al-Dhow Engineering General Trading & Contracting Company, TNB Repair and Maintenance Sdn Bhd, and TNB Power Generation Sdn Bhd in securing a KWD 134.51 million financing (
In a significant legal victory, Charles Russell Speechlys (CRS) has guided Kuwait Finance House (Bahrain) (KFHB) through a complex case in the English High Court involving a disputed arbitration award termed as “a fabrication.” KFHB
