The Oil and Gas Holding Company (nogaholding), has successfully closed refinancing and upsizing of its USD1.6bn Murabaha Facility to USD2.2bn. The new facility was structured as a dual-tranche (conventional and Islamic) loan employing Day 1 Secured Overnight Financing Rate mechanics, with a maturity date of September 2026. This successful refinancing marks the largest sustainability-linked loan […]
Banking & Finance
Deal & transactions
Other
Meysan Partners: Jadwa Investment acquires into Dabdoob Holdings
Jadwa Investment (“Jadwa”), an investment management and advisory firm in the Middle East with SAR 66.4 billion in client assets under management and advisement., enters into its first regional venture capital investment through Jadwa E-Commerce Opportunities
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Baker McKenzie: EFG Hermes and valU in two transactions in
Baker McKenzie has advised EFG Hermes and its buy-now-pay-later (BNPL) fintech platform, valU for consumer finance (valU), on two planned strategic ttransactions. The first of which is the acquisition by valU of a stake
Banking & Finance
Transport
United Arab Emirates
Abu Dhabi’s IHC and Alpha Dhabi to invest USD50m in
Abu Dhabi-listed companies International Holding Company (IHC) and its subsidiary Alpha Dhabi will invest a combined amount of USD50 million in Space Exploration Technologies Corporation (SpaceX). IHC, which already has a stake
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services
Banking & Finance
Qatar
Real Estate, Construction & Infrastructure
Qatari Diar secures green loan for Chelsea Barracks development
Qatari Diar Real Estate Company, an establishment of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, has secured GBP400 million (USD 491,880,000) in green loan financing for their London based development Chelsea
Banking & Finance
Transport
United Arab Emirates
DP World and CDPQ investment of USD5 billion in UAE
DP World and CDPQ, a global investment group, announced an investment of USD5 billion in three of DP World’s flagship UAE assets. Under a joint venture structure, Canadian investment group CDPQ will take
Appointments
Banking & Finance
Saudi Arabia
Umera Ali joins Dentons’ Middle East Banking and Finance Practice
Dentons has expanded its Middle East Banking and Finance practice with the hire of Saudi-focussed partner Umera Ali (pictured). Ali has significant experience of advising a global client base having worked in six jurisdictions
Appointments
Banking & Finance
United Arab Emirates
Tabarak Investment appoints Nabil Azar as chief legal officer
Private equity firm, Tabarak Investment has named Nabil Azar (pictured) as its new chief legal officer. Azar is a legal expert in the field of banking and finance. He joins Tabarak Investment for the
Banking & Finance
Deal & transactions
Egypt
United Arab Emirates
FAB Egypt and Bank Audi Egypt finalize merger creating FABMISR
First Abu Dhabi Bank – FAB Egypt has completed the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “
