Saudi Real Estate Refinance Company (“SRC”), the wholly-owned Public Investment Fund of the Kingdom of Saudi Arabia, has increased its programme limit from SAR 10 billion to SAR 20 billion and issuance of SAR 3 billion (USD798 million) sukuk guaranteed by the Ministry of Finance of the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk programme. […]
Banking & Finance
United Arab Emirates
National Bonds Introduces its Golden Pension Scheme for UAE residents
National Bonds Corporation, the UAE based Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has launched its Golden Pension Scheme in the UAE in a move to ramp up its
Banking & Finance
Energy & Trading
United Arab Emirates
Taqa secures refinancing of USD3.5 billion revolving credit facility
Abu Dhabi National Energy Company (“TAQA”) has secured refinancing its USD3.5 billion revolving credit facility. Secured via a syndicate comprising 20 banks, the new 5-year USD SOFR-based facility, which will be utilised for general corporate
Appointments
Banking & Finance
United Arab Emirates
Gabriella Savastano appointed to CMS’ financial services practice
International law firm CMS bolsters its financial services offering in the UAE with the appointment of Gabriella Savastano (pictured) as legal director in its Dubai office. Savastano specialises in financial services regulation and
BMCE Capital Investment, part of the BMCE Capital Group, has launched Fonds Capital Venture, its first private equity fund to support growth in Morocco’s start-up ecosystem. The newly formed MAD 50 million (USD 4.5
Alieldean Weshahi & Partners acted as legal advisor for Contact Financial Holding, a non-bank financial service provider in Egypt, on the closing of an EGP 2 billion (approx. USD 102.5) sukuk issuance, following Financial Regulatory Authority (“FRA”)
Appointments
Banking & Finance
United Arab Emirates
Jamie Levy named senior advisor at Abu Dhabi Investment Office
General counsel at Abu Dhabi Investment Office (“ADIO”), Jamie Levy (pictured), has been named as the company’s Senior Advisor, effective September 2022. The announcement was made by Levy via a LinkedIn post that read:”
Banking & Finance
Capital Markets
Egypt
Dreny & Partners: Efg Hermes completes securitization transaction
Efg Hermes Corp Solutions has successful completed the second securitization transaction amounting to EGP 2 billion, from a multi-issuances program amounting to EGP 3 billion. The issuance was comprised of three tranches, where the first tranche is
Valoris Capital, a private equity management company has successfully launched its first private equity fund, Valoris Equity Fund. The Fund was launched with the support and backing of private and public institutional shareholders,
The legal team at National Bank of Egypt (“NBE”) has recently been recognised by the Central Bank of Egypt for obtaining ISO certification along with several international and regional awards. A few months back, NBE
