Abu Dhabi National Hotels (ADNH) is making significant strides in bolstering its business portfolio with the acquisition of Compass Group International B.V.’s 50% stake in their joint venture entities operating in the UAE, as announced in a disclosure to the Abu Dhabi Securities Exchange (ADX) on Friday. The transaction, part of ADNH’s strategic plan to […]
Capital Markets
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
Saudi Arabia
sarie eldin & partners Facilitates Major Real Estate Deal in
sarie eldin & partners – announce its successful role as legal advisor to Talaat Moustafa Group Saudi Real Estate Development Company (“Talaat Moustafa Saudi”) on a landmark agreement with the Saudi National Housing Company (“NHC”). Signed
With Chief Legal Officer and Board Secretary, Eyad Mahadeen (pictured), at the helm of its legal department, Abu Dhabi Global Market (ADGM) has granted Infinity Capital Management Limited, a Hong Kong-based multi-strategy alternative investment firm,
Linklaters provided legal counsel to Tokio Marine & Nichido Fire Insurance Co. (TMNF) in its sale of a 5.75% stake in Arabian Shield Insurance Company, a publicly listed Saudi Arabian firm, to Alinma Bank. This transaction
Capital Markets
Competition & Antitrust
Other
Regulatory
Meysan Secures Legal Victory, Dismisses $100 Million Claims
In a significant legal triumph, the Meysan team, under the leadership of Dr. Abdulwahab Sadeq and Senior Counsel Tarek Diab, successfully defended a global automotive company and a local dealer against a massive claim. The
Banking & Finance
Capital Markets
E-Commerce
Egypt
News
Zaki Hashem & Partners Advises B Investments in Acquisition
Zaki Hashem, Attorneys at Law, is pleased to announce its role in advising B Investments Holdings SAE (B-Investments) in a mandatory tender offer to acquire up to 90% of Orascom Financial Holding (OFH). The acquisition, a
Capital Markets
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
Transport
United Arab Emirates
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
Banking & Finance
Capital Markets
United Arab Emirates
Norton Rose Leads Inaugural Chimera S&P India ETF Launch
Assisted by global law firm Norton Rose Fulbright, Lunate Capital has launched the Chimera S&P India Shariah ETF, marking the region’s inaugural exchange-traded fund (ETF) that monitors Shariah-compliant Indian stocks. The Chimera
Capital Markets
Corporate
E-Commerce
Qatar
TMT
Ooredoo Group Pledges $1.1bn to Bridge Digital Divide
In a significant legal development, Qatar’s Ooredoo Group has committed a cumulative investment of $1.1bn for the period 2024-2026 to bridge the digital divide in developing markets. The pledge was made as part of
Capital Markets
Services
United Arab Emirates
Multiply Group Bolsters Portfolio with BackLite Media Acquisition
Abu Dhabi-based holding company Multiply Group has made a significant move in the Out-of-Home (OOH) advertising sector by acquiring 100% of BackLite Media, a prominent Digital Out-of-Home (DOOH) advertising company in the United Arab Emirates (UAE).
