Abu Dhabi National Insurance Company (ADNIC) has successfully acquired a 51 percent stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia. This strategic move positions ADNIC as a prominent Tier-1 insurer in Saudi Arabia, bolstering its status as a key player in the Gulf region’s insurance landscape. ADNIC’s expansion aligns with its overarching […]
Asafo & Co. advises AFIG Funds (AFIG) and NME (Nouvelle Mici Embaci) on Injaro Investment Advisors’ equity investment in NME, a prominent packaging company in Côte d’Ivoire. Injaro Investment Advisors, through its fund
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Updates
MBH Advises on Rixos Premium Alamein Hotel Agreement
Matouk Bassiouny & Hennawy (MBH) has successfully acted as the legal counsel for the owning company in negotiating and concluding the management agreement with Rixos, a part of Accor’s portfolio, one of the world’
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
Capital Markets
Healthcare, Pharma & Life Sciences
Other
Farj Capital Consortium Secures Majority Stake in Aster DM
ASAR – Al Ruwayeh & Partners acted as local legal counsel alongside Allen & Overy as lead counsel, in facilitating the acquisition of a 65% stake in Aster DM Healthcare FZC, the holding company overseeing Aster DM
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Alpha Dhabi Holding Divests 49% Stake to ADQ
Alpha Dhabi Holding (ADH) has announced its decision to divest 49% of its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment and holding company. Under the terms of the agreement, Alpha Dhabi
Sharkawy & Sarhan Law Firm announced their involvement in financing the Kom Ombo solar power project, which recently won the IJGlobal Global’s award for “Energy Transition Deal of the Year.” The project is a
Capital Markets
Food & Beverage
United Arab Emirates
Invictus Investment Acquires Majority Stake in Morocco’s Graderco
Invictus Investment Company has finalised the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, marking a significant move in the agro-food sector. The acquisition, after securing all necessary regulatory approvals, underscores
OSN Group has successfully finalized its acquisition of a majority stake in Anghami Inc., the leading music and entertainment streaming platform in the MENA region. This landmark transaction, which has received all necessary regulatory approvals,
Lunate, a prominent global alternative investment manager, has acquired a 40% stake in ADNOC Oil Pipelines (“AOP”) from institutional investors BlackRock and KKR. This acquisition signifies a major investment for Lunate in energy infrastructure and further
