Abu Dhabi Commercial Bank (“ADCB”) has successfully priced its inaugural green bond, raising USD 500 million to support the financing of low-carbon initiatives. The bonds will be issued on 14th September 2022 and due in 2027. The oversubscribed 5-year bond attracted a local and international investors that placed total orders of over USD 1.9 billion. […]
Bank Albilad’s Enjaz Payment Services Company now incorporated
Bank Albilad, a Saudi joint stock company, headquartered in Riyadh, has successfully carve out of its remittance business, Enjaz, into a new payment services company. The new company has been licensed by the Saudi
First Abu Dhabi Bank enters into a partnership with Silver
First Abu Dhabi Bank (“FAB”) has signed a partnership agreement with Silver Birch Finance Limited (“Silver Birch”) to offer inventory solutions to local and international clients. This partnership enables FAB and Silver Birch
Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform. The transaction falls in line with Valu’s
Banque Misr’s Legal Department has received the certificate of ISO 9001:2015 for legal quality management. The certificate was awarded by TUV Southwest, which is recognized by the Egyptian Organization for Standards and Quality and
MBH: Chimpe 1 Investment acquires stake in Beltone Financial
Chimpe 1 Investment, an entity affiliated with Chimera Investment, has acquired a majority stake (56%) in Beltone Financial Holding at EGP 384.8 million (approx. $20.11 million). The acquisition came as part of Chimera Investment’s plans to
The National Bank of Egypt (“NBE”), one of the most prominent banks in Egypt, Africa and the Middle East, successfully obtained the “ISO 9001/2015” certificate in the field of Quality Management of the legal group, granted
MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction. The transaction is considered the first issuance of Tasaheeel and Mashroey’s
Masen and Edf Renouvelables in repowering Koudia Al Baida wind
The Moroccan Agency for Sustainable Energy (MASEN) and EDF Renouvelables have announced the financial closure of the repowering of the Nassim Koudia Al Baida Wind Farm, located in the region of Tlat Taghramt near Tangier
Ahli United Bank (“AUB”) has secured a USD1.1 billion sustainable Murabahah financing facility. The dual-tranched facility is the first of its type raised by a financial institution worldwide, according to the bourse filing. The three-year