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 a minority stake of DP World’s Jebel Ali Port, Jebel Ali Free Zone and National Industries Park, with other long-term investors having […]
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 “
Banking & Finance
Capital Markets
Egypt
EBRD, Amethis and SPE Capital acquire GlobalCorp. The advisors
A consortium of investors made up of the European Bank for Reconstruction and Development (EBRD), French financial fund manager Amethis and private equity firm SPE Capital has acquired a majority stake in GlobalCorp for
Banking & Finance
Transport
United Arab Emirates
Al Seer Marine completes a USD 135 million financing. The advisors
Al Seer Marine, a global player in several maritime sectors and a subsidiary of International Holding Company, has closed a financing transaction of USD135 million for the construction of its two very large LNG carriers.
Banking & Finance
Food & Beverage
Saudi Arabia
Allen & Overy advises Prosus on its Series C investment
Allen & Overy has advised Prosus, a global technology investors, as lead investor on a USD170 million Series C funding round by Foodics, a cloud-based technology and payment platform for restaurants in the MENA region.
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Freshfields in Hayfin’s investment in the Imperial Avenue real estate
Asset management firms, Hayfin, has invested in the Imperial Avenue real estate project located in Downtown Dubai, UAE. The project is being developed by Shapoorji Pallonji International Real Estate Development (SPIPD), the development
Renewable energy solutions provider Scatec has completed the refinancing of the non-recourse project debt for 6 solar power plants in Benban, Egypt, with a total capacity of 380 MW, through the issuance of 19-year USD 334.5
Intella, the SME-focused fintech startup, has completed a USD 1 million seed financing round, led by Hala Ventures, with participation from Falak Startups, powered by the Egyptian Ministry of International Cooperation and its venture capital arm,
