International law firm, Baker McKenzie has served as legal counsel for lenders in a dual-tranche, multi-currency facility extended to Giza Systems and VAS Integrated Solutions, both subsidiaries of Saudi Telecom Company. The facility comprises a US Dollar (USD 84 million) tranche and an Egyptian Pound (EGP 2,800 million) tranche. This financing arrangement, characterized by murabaha […]
Banking & Finance
Deal & transactions
E-Commerce
Other
Paymob expands into Oman by partnering with NBO
In a groundbreaking step towards fostering digital innovation and financial inclusion in Oman, the National Bank of Oman (NBO) proudly announces a strategic alliance with Paymob, a leading Payment Services Provider (PSP) recently authorized by
Dentons has advised Al Rajhi Bank on a SAR 1.9 billion murabaha facility agreement with Jabal Omar Development Company, one of the largest real estate developers in the region and a major listed company on the
Banking & Finance
Deal & transactions
Qatar
United Arab Emirates
Qatar International Islamic Bank’s Debut in Sustainable Sukuk Issuance
Dentons, has advised Qatar International Islamic Bank on its debut sustainable sukuk issuance. The US$500 million sustainable certificates, due in 2029, were issued by QIIB Senior Oryx Ltd, a special-purpose vehicle issuer incorporated in the Cayman
Fawry FMCG, a leading provider of financial technology solutions for the consumer goods sector, has announced a strategic partnership with Edita Food Industries, one of the largest food manufacturers in Egypt, to offer innovative
International law firm Clifford Chance has acted as legal counsel to Kuwait Finance House (“KFH”) on its inaugural issuance of US$1 billion senior unsecured trust certificates (“Sukuk”). These Sukuk, facilitated by KFH Sukuk Company as
International law firm CMS has successfully advised the Oman Investment Authority (OIA) on Saudi Tadawul Group’s (STG) acquisition of a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME). This
OQ, Oman’s state-backed energy investment company, with General Counsel Abdulwahhab Al Hinai (pictured) at its legal helm, has made a significant investment of over $2 billion in three key projects in the Musandam governorate. These
Banking & Finance
Deal & transactions
United Arab Emirates
ADGM and Mastercard Propel UAE’s SME Growth
Abu Dhabi Global Market (ADGM), under the legal guidance of its Chief Legal Officer and Board Secretary, Eyad Mahadeen (pictured), and Mastercard have partnered to empower the UAE’s small and medium-sized enterprises (SMEs) by
Banking & Finance
Capital Markets
Saudi Arabia
AS&H Clifford Chance Guides STG in DME Stake Acquisition
AS&H Clifford Chance has provided legal counsel for Saudi Tadawul Group (STG), a diversified capital markets group in the MENA region, on its strategic acquisition of a 32.6% stake in the Dubai Mercantile Exchange (
