Giza Systems, a prominent technology solutions provider, has successfully secured financing totaling USD 84 million for a Murabaha facility and EGP 2.82 billion for a Mudharaba facility. These funds are structured to support the expansion initiatives of Giza Systems and VAS Integrated Solutions, both subsidiaries of stc. The financing facilities were made available through a […]
Meysan Partners provided legal counsel to UPayments, a prominent online payment solutions provider, in the sale of a 51% stake to the National Bank of Kuwait (“NBK”). This strategic move highlights UPayments’ success in the Fintech
Abu Dhabi Islamic Bank (ADIB) has launched a new payment hub, transforming the way customers conduct their transfers. The bank collaborated with real-time payment solutions company, ProgressSoft, to integrate Cross-Border Services and expedite cross-border remittances.
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Binghatti Holding Readies Inaugural US Dollar Sukuk Launch
Binghatti Holding, a prominent Emirati property development company headquartered in Dubai, is on the verge of a significant financial milestone with the impending launch of its inaugural US Dollar Sukuk. With the legal team spearheaded
Global law firm Clifford Chance has provided legal counsel to the joint lead managers for two sukuk issuances by the Islamic Corporation for the Development of the Private Sector (“ICD”) under its Trust Certificate Issuance
KN&P served as legal advisor to Anaam International Holding Group (“Anaam Group”) on its SAR 236.25 million capital increase through a rights issue. This bolstered Anaam’s capital from SAR 315 million to
Clifford Chance, a global law firm, has guided Saudi Electricity Company (“SEC”) through the dual-Series international issuance of US$800 million and US$1.4 billion senior unsecured trust certificates due 2029 and 2034 respectively. These certificates, known collectively as
Banking & Finance
Deal & transactions
Egypt
News
Dreny and Partners Facilitates Major Commercial Paper Issuance
Dreny and Partners, led by Iman Raouf, Partner and Director of Capital Markets and Financial Services, has played a pivotal role in the third issuance of commercial paper by “Global Corp for Financial Services”, valued
Ibrachy Legal Consultancy (I&P) has acted as legal advisor for Bank of China in facilitating receivables finance for Huawei’s phase IV project with Egypt Telecom. The firm assisted in drafting and reviewing
International law firm White & Case has provided legal counsel to Africa50, the pan-African infrastructure investment platform, regarding the establishment and initial closing of Africa50 Infrastructure Acceleration Fund I LP (Africa50-IAF), a 12-year closed-end
