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’s leading hospitality companies. This agreement pertains to the luxurious Rixos Premium Alamein Hotel, previously known as “Regal Heights”. This strategic move […]
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
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
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
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
Oman’s Financial Services Authority has issued a public consultation on new Bonds and Sukuk Regulation. If approved, this regulation will govern the Sultanate’s long-term debt market, offering flexibility in structuring diversified financing products
International law firm, Dentons has provided legal counsel to Overseas Development Holding Company, a Bahrain-based entity and part of the GES Group, in the strategic sale of a significant majority stake in Overseas Development Company