Moove, the global mobility fintech dedicated to democratizing vehicle ownership for mobility entrepreneurs, has announced a significant achievement today with the closure of a $100 million Series B funding round. The investment, led by Mubadala Investment Company (Mubadala) and joined by Uber, underscores Moove’s position as a key player in the evolving landscape of global […]
With Group General Counsel Spyros Zampelis (pictured) at the helm of its legal department, Almarai Company, one of the Middle East’s largest dairy company, has announced its comprehensive investment strategy for the upcoming
Trowers Advises Core42 On Securing Strategic Loan Facility
International law firm Trowers & Hamlins has acted as the English and UAE counsel to Injazat Data Systems in relation to a secured term loan facility availed from Abu Dhabi Commercial Bank. Injazat, now
Latham & Watkins Advises Investcorp on USD800M Financing Deal
Latham & Watkins has provided legal counsel to Investcorp Capital plc (Investcorp) on securing a significant US$800 million credit facility. This facility, arranged by a consortium of regional and international banks, underscores the strong support
UAE’s Barakah Plant: Asia & Africa’s First Green Loan Facility
The Barakah Nuclear Energy Plant’s AED8.89 billion refinancing, hailed as a Green Loan Facility, marks a pivotal step in reinforcing its vital role in rapidly decarbonizing the UAE’s power grid. Recognized
MBH Advises Beyond Sky in EGP 3.05 Billion Facility Agreement
Matouk Bassiouny & Hennawy (MBH) provided legal counsel to Beyond Sky for Real Estate Projects (Beyond Sky) in securing a syndicated long-term facility agreement worth EGP 3.05 billion. The agreement, facilitated by Banque Misr as the
Egypt Invests USD3 Million in Green Tourism Initiative with UNIDO
The Ministry of Environment witnessed the signing of the “Green Hurghada” project agreement between the United Nations Industrial Development Organization (UNIDO) and the Environmental Affairs Agency, funded by the Global Environment Facility, with investments exceeding
Investcorp Capital Secures USD 800 Million Credit Facility
Investcorp Capital plc, a subsidiary of Abu Dhabi-based alternative investor Investcorp, has finalized a significant financial agreement by securing a USD 800 million revolving credit facility (RCF) from a consortium of regional and international banks. The
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.
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