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 Takaful provider, by market share. The merger has been conditionally approved by the Central Bank of the UAE and is currently […]
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,
