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 markets such as the UAE, Saudi Arabia, Oman, and Egypt, aims to bolster the region’s digital payments landscape through innovative […]
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
Banking & Finance
Healthcare, Pharma & Life Sciences
Saudi Arabia
Linklaters: Saudi German Health Launches US$400m Sukuk
Global law firm, Linklaters has recently provided legal advisory services to Middle East Healthcare Company, commonly known as Saudi German Health, in establishing a SAR 1.5 billion (approximately US$400 million) public sukuk issuance program. The sukuk,
In a significant move towards bolstering its financial standing, the Government of Sharjah has successfully issued bonds worth USD750 million. The issuance, facilitated by Bank of Sharjah as Joint Lead Manager and Bookrunner, marks a
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance Guides Binghatti’s $300M Debut Sukuk Issue
Global law firm Clifford Chance has provided legal counsel to Binghatti Holding Limited (“Binghatti”) on its inaugural issuance of US$300 million ijara-murabaha sukuk, which concluded on February 29, 2024. This debut venture into the international debt capital
Banking & Finance
Energy & Trading
United Arab Emirates
Masdar Secures Funding for Dubai Solar Park. The advisors
International law firm, Dentons has provided legal counsel to Masdar, facilitating the successful financial close of the 1,800MW solar photovoltaic project, known as DEWA Phase VI, within Dubai’s Mohammed bin Rashid Al Maktoum Solar
