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. The transaction represents the largest SaaS Series C round in MENA. The funding round was also led by Sanabil Investments, […]
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.
Banking & Finance
Deal & transactions
United Arab Emirates
Hadef & Partners advise Watania on its merger with Dar
The shareholders of two of UAE Islamic insurance companies, Dubai-based Dar Al Takaful (DAT) and Abu Dhabi-based Watania, voted in favor of a merger that will result in the creation of the UAE’s largest
Banking & Finance
Capital Markets
United Arab Emirates
Akin Gump advises on Perpetual Additional Tier 1 Bonds issued
Akin Gump has advised Capital Investments (DIFC) and Capital Investments and Brokerage Company / Jordan as the sole structuring agent and manager, respectively, in respect of Capital Bank of Jordan’s inaugural $100 million Reg S perpetual
TruKKer, a Saudi-headquartered digital freight network, has successfully completed its Series B equity and debt funding round. The investors in the fundraising included ADQ, Abu Dhabi Developmental Holding Company and Riyadh-based venture capital fund STV,
Banking & Finance
United Arab Emirates
Latham & Watkins: Chimera Capital closes venture capital fund at
Abu Dhabi investment firm Chimera Capital, a subsidiary of Chimera Investments, which is part of Royal Group, has successfully closed its second venture capital fund at USD 10 billion. The new fund, Alpha Wave Ventures II,
