CMS advised Oman Broadband Company on a major new financing deal using a hybrid facility in a deal worth USD 445 million. . Mandated by the Government to build and develop a broadband structure to address low levels of coverage in parts of the Sultanate, Oman Broadband has agreed this major loan facility over a 16-year term. This […]
Banking & Finance
Deal & transactions
Egypt
Shalakany advises the Lenders of the Amunet Wind Project
Shalakany has acted as local counsel to several foreign and local financial institutions (including, among others, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the International Finance Corporation (IFC) and Commercial International Bank (
Abuhimed Alsheikh Alhagbani Law Firm (“AS&H”) in co-operation with Clifford Chance has advised Al Rajhi Capital as sole arranger and lead manager in relation to the establishment of the SAR 10 billion Al Rajhi
Banking & Finance
United Arab Emirates
DIB lists $750 mln inaugural sustainable Sukuk on Nasdaq Dubai
Tuesday 06/12/2022 marks the day Dubai Islamic Bank (“DIB”) rang the market-opening bell to celebrate the listing of its inaugural sustainable Sukuk with a value of USD 750 million on Nasdaq Dubai. The Sukuk is the
Banking & Finance
Deal & transactions
Other
Ahli United Bank acquires Citi’s Bahrain consumer banking business
Baker McKenzie has advised Bahrain-based Ahli United Bank (“AUB”) on its acquisition of Citi’s consumer banking business in Bahrain. The transaction, which signed earlier this year and received regulatory approval from the Central Bank
Fintech startup Blnk has raised USD23.7 million in equity and debt funding, and USD8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development
Banking & Finance
News
United Arab Emirates
Swiss digital asset bank Sygnum expands its services to Abu
Swiss digital asset bank Sygnum leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub. The bank “has received an in-principle approval from the Abu Dhabi Global Market’
Banking & Finance
Saudi Arabia
Transport
Neom invests USD 175M in Urban Air Mobility Company Volocopter
Neom, the smart and sustainable regional development project in northwest Saudi Arabia, has made a USD 175 million Series E investment in Volocopter, the pioneer of Urban Air Mobility. Neom will take a significant equity stake
Baraka, a commission-free online brokerage platform based in the Middle East, has raised USD20 million in a Series A funding round, led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood. &
Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) has advised Sohar International Bank (Sohar International) on its merger with HSBC Bank Oman (HSBC Oman), whereby all assets and liabilities of HSBC Oman will be transferred to
