The European Bank for Reconstruction and Development (EBRD) and Banque du Caire (BDC), one of Egypt’s most prominent banks, have inked a new partnership to enhance support for micro, small, and medium-sized enterprises (MSMEs) in the country, with a specific focus on empowering women entrepreneurs. The EBRD will provide a US$50 million (€46 million) financing package […]
FAB Introduces MENASSA: Advancing Asset Services in MENA
First Abu Dhabi Bank (FAB) has launched MENASSA (MENA Securities Services for Asset Managers), a groundbreaking post-trade platform tailored for MENA-based asset managers. With Nimer Basbous, Group General Counsel (pictured), heading the legal department, MENASSA
Mubadala and Goldman Sachs Forge $1Bn Private Credit Alliance
With Chief Legal Officer Samer Halawa (pictured) residing at the helm of its legal team, Mubadala Investment Company and Goldman Sachs have signed a $1 billion separately managed account (Partnership) aimed at co-investing in private credit
Giza Systems, a prominent technology solutions provider, has successfully secured financing totaling USD 84 million for a Murabaha facility and EGP 2.82 billion for a Mudharaba facility. These funds are structured to support the expansion initiatives of
Abu Dhabi Islamic Bank (ADIB) has launched a new payment hub, transforming the way customers conduct their transfers. The bank collaborated with real-time payment solutions company, ProgressSoft, to integrate Cross-Border Services and expedite cross-border remittances.
Binghatti Holding Readies Inaugural US Dollar Sukuk Launch
Binghatti Holding, a prominent Emirati property development company headquartered in Dubai, is on the verge of a significant financial milestone with the impending launch of its inaugural US Dollar Sukuk. With the legal team spearheaded
Clifford Chance Advises ICD on US$600M Sukuk Issuance
Global law firm Clifford Chance has provided legal counsel to the joint lead managers for two sukuk issuances by the Islamic Corporation for the Development of the Private Sector (“ICD”) under its Trust Certificate Issuance
KN&P served as legal advisor to Anaam International Holding Group (“Anaam Group”) on its SAR 236.25 million capital increase through a rights issue. This bolstered Anaam’s capital from SAR 315 million to
Clifford Chance, a global law firm, has guided Saudi Electricity Company (“SEC”) through the dual-Series international issuance of US$800 million and US$1.4 billion senior unsecured trust certificates due 2029 and 2034 respectively. These certificates, known collectively as
Dreny and Partners Facilitates Major Commercial Paper Issuance
Dreny and Partners, led by Iman Raouf, Partner and Director of Capital Markets and Financial Services, has played a pivotal role in the third issuance of commercial paper by “Global Corp for Financial Services”, valued