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 National Bank of Fujairah, where he most recently served as its general counsel. Azar has advised banks throughout his 20 […]
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,
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
Hassan Allam Properties secures EGP 1.8 billion in financing
A Hassan Allam Properties subsidiary secured EGP 1.8 billion in financing from the National Bank of Egypt (NBE) and Arab African International Bank (AAIB) to finance its residential project Swan Lake West in Sixth of October.
Global hospitality group Accor enters into a strategic partnership, through its loyalty program ALL-Accor Live Limitless, with Abu Dhabi Commercial Bank (ADCB) to launch ALL-ADCB Infinite and Signature Credit Cards for consumers in the UAE.
