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 issuance for HSB and the second in a multi-issuance program worth EGP 2 billion. Imane Raouf, Partner and Head […]
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
Banking & Finance
Capital Markets
Industrial
United Arab Emirates
ADQ and OIA Launch US$180 Million Tech Fund
ADQ, a leading Abu Dhabi investment and holding company, announced the launch of the Jasoor Fund, a US$180 million technology-focused fund, in partnership with the Oman Investment Authority (OIA) represented by ITHCA Group. The Jasoor
Beltone Holding (“Beltone”), a leading financial institution, announced that its venture capital arm, Beltone Venture Capital (“BVC”), has entered into a partnership agreement with CI Venture Capital, a subsidiary of prominent UAE-based investment management firm
Banking & Finance
United Arab Emirates
Clifford Chance Guides SC Ventures-SBI Holdings Joint Venture
Global law firm, Clifford Chance, has advised SC Ventures, the innovation and fintech investment arm of Standard Chartered, on its collaboration with SBI Holdings, a Japanese financial conglomerate. Together, they are establishing a digital asset
Banking & Finance
Capital Markets
Saudi Arabia
TMT
PIF and STC Group are forming the largest telecom tower
The Public Investment Fund (PIF) and Saudi Telecommunications Company (STC Group) have signed definitive agreements to form the region’s largest telecom tower company. PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL)
International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Banking & Finance
TMT
United Arab Emirates
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
