Simmons & Simmons advised Aditum Investment Management, a DFSA regulated asset management firm, on the launch of the first operational fund platform based in the Dubai International Financial Centre (DIFC). Its launching follows recent reforms in the UAE. These restrict the promotion of foreign funds to local retail investors in the onshore UAE. Using the […]
Zaki Hashem & Partners announced its advisory role in the establishment of Noqood Finance SAE. The firm has successfully guided Noqood Holding in obtaining a license from the Financial Regulatory Authority for the newly established
Background
Banking & Finance
IPOs
Other
Updates
Al Yaqout and Al Fouzan advise on the acquisition Proximus
In a landmark deal that reshapes the digital communications landscape, Proximus Opal has acquired a majority stake in Route Mobile, a prominent player in the cloud communication platform sector. The transaction, valued at $721 million, grants
Banking & Finance
Deal & transactions
IPOs
United Arab Emirates
Meysan Advises Agility on USD 4.5 Billion ADX Debut
In a significant development, Meysan has successfully advised Agility Public Warehousing Company KSCP (“Agility”) on its direct listing on the main market of the Abu Dhabi Securities Exchange (ADX). The listing involved shares in Agility’
Banking & Finance
Capital Markets
Deal & transactions
Industrial
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
BlackRock and KSA PIF Sign Investment Management MoU
BlackRock, the world’s largest asset manager, has entered into a non-binding Memorandum of Understanding (MoU) with the Public Investment Fund (PIF) of Saudi Arabia. The MoU outlines the establishment of BlackRock Riyadh Investment Management (
In a significant legal transaction, ADSERO – Ragy Soliman & Partners has successfully advised Elsewedy Capital Holding on the sale of 51% of the share capital of Easy Lease to Al Ahly Capital Holding (ACH), the investment
Appointments
Banking & Finance
Saudi Arabia
United Arab Emirates
Updates
Addleshaw Goddard Appoints Finance Head to Lead MENA
Addleshaw Goddard has announced a new leadership role for Robin Hickman who has been appointed Head of Middle East. Robin succeeds Andrew Johnston who was elected Addleshaw Goddard Managing Partner for a term of four
Banking & Finance
Capital Markets
Corporate
Deal & transactions
Egypt
IPOs
Dreny & Partners Closes EGP 600 Million Issuance for Hermes
Dreny & Partners, has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB), a subsidiary of EFG Hermes Holding. The transaction, worth EGP 600 million, marks the fifth
Banking & Finance
Capital Markets
Egypt
IPOs
B Investments Acquires Majority Stake in Orascom Financial
B Investments announced the successful completion of its mandatory tender offer (MTO) to acquire approximately 70% of Orascom Financial Holding (OFH). This transaction is the first MTO to be executed in the Egyptian market through a
International law firm, CMS has provided legal counsel to the European Bank for Reconstruction and Development (EBRD) and Meridiam on their equity investment, alongside Hassan Allam Utilities, in HAU Energy BV. This newly established platform
