Saudi-based investment management company, Asyad Holding Group has appointed Ziad Touma (pictured) as its chief legal officer. Touma brings a wealth of experience to the role, having served in a number of senior legal positions throughout his career. Prior to joining Asyad Holding Group, Touma served for almost 6 years as group general counsel and chief compliance […]
Banking & Finance
IPOs
United Arab Emirates
Clifford Chance advises on Al Ansari Financial Services IPO
International law firm Clifford Chance has acted as international issuer’s counsel to Al Ansari Financial Services on its highly successful initial public offering (IPO) and listing on the Dubai Financial Market (DFM). Following the
Global law firm Dentons has provided legal counsel to the Islamic Development Bank (IsDB) on the issuance of USD2 billion trust certificates as part of its USD25 billion trust certificate issuance programme. The transaction, which
EFG Hermes, the investment bank franchise specializing in Frontier and Emerging Markets (FEM), has successfully concluded its advisory role in valU’s fourth securitized bond issuance, valued at EGP 856.5 million. The transaction is part of
Banking & Finance
Saudi Arabia
Services
Baker McKenzie on Saudi Electricity Company SAR10B financing
Baker McKenzie has acted as legal counsel for the facility agent and lenders involved in a syndicated financing deal for Saudi Electricity Company (SEC), represented by Allen & Overy. The financing, worth Saudi Riyal 10 billion,
Bank of Sharjah has successfully completed its issuance of USD500 million Notes due 2028, with legal advisory services provided by Dentons. The issuance, which was completed on 14 March 2023, received orders exceeding USD1 billion and was more
Global law firm White & Case has provided legal counsel to Goldman Sachs International on a warehouse securitisation worth up to USD150 million. The transaction involved buy now, pay later (BNPL) receivables originating from Nakhla
Banking & Finance
Deal & transactions
Saudi Arabia
Dentons advises on Saudi’s Shareek program first round of projects
Dentons has extended its counsel to Saudi Arabia’s Ministry of Investment (MISA) regarding seven out of twelve economic support agreements that are part of MISA’s initial set of projects backed by the Private
Dreny & Partners has played a pivotal role in the successful closure of Bedaya Mortgage Finance’s second securitized transaction, valued at EGP 958 million. This transaction forms part of a larger three-year multi-issuance program worth
Al Oula Mortgage Finance Co. has successfully closed its inaugural securitization deal, raising EGP 998.5 million through the issuance of six tranches backed by its mortgage finance portfolio. This securitization is part of a larger three-year
