The Saudi Fund for Development has signed a funding agreement with the Tunisian government, committing 55 million US dollars (approximately 173 million dinars) to a project aimed at renovating Tunisia’s phosphate transport railway network. The project, managed by the Tunisian National Railway Company (SNCFT), will focus on the renovation of 190 km of railway lines. […]
Meysan Partners provided legal counsel to UPayments, a prominent online payment solutions provider, in the sale of a 51% stake to the National Bank of Kuwait (“NBK”). This strategic move highlights UPayments’ success in the Fintech
Capital Markets
Egypt
Food & Beverage
Saudi Arabia
EFG Hermes Facilitates Kazyon’s Landmark Acquisition of Dukan
EFG Hermes announced the successful conclusion of a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon acquired a 50% stake in Dukan, the sole discount retailer
Capital Markets
Healthcare, Pharma & Life Sciences
Saudi Arabia
Baker Botts Aids Malaz Capital in Ram Medical Clinics Equity
Malaz Capital, the independent investment management firm based in Saudi Arabia, has completed the acquisition of an equity stake in Ram Medical Clinics Company. Ram Medical Clinics is a prominent healthcare service provider in Saudi
Capital Markets
Food & Beverage
Saudi Arabia
Baker Botts: Tamimi Markets Acquires Al Raya Supermarket Chain
Tamimi Markets Company (“Tamimi”), a prominent Saudi family-owned supermarket business, has successfully acquired 100% of Al Raya For Food Stuffs Company (“Al Raya”), a major supermarket chain operating in the Western region of Saudi Arabia.
Banking & Finance
Capital Markets
Deal & transactions
Egypt
MBH Supports ADNOC Group in Major Joint Venture with bp
Matouk Bassiouny & Hennawy has played the role of local counsel to ADNOC Group in a landmark joint venture agreement with global energy giant BP. This partnership will drive the development of key gas assets
Matouk Bassiouny & Hennawy (“MBH“) has provided legal counsel to Amethis in its investment deal with BBI Group, a prominent data management consultancy in the MENA region. The investment, made through Amethis MENA Fund II,
The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import
Capital Markets
Deal & transactions
Egypt
Redcon Properties Announce Strategic Expansion of Golden Gate
Redcon Properties announced the strategic sale of its administrative building at the Golden Gate project to Bonyan for Development and Trade, a prominent commercial real estate investment company. This transaction marks Bonyan’s eighth asset
Capital Markets
Deal & transactions
Energy & Trading
Industrial
Oil & Gas
Saudi Arabia
TMT
Baker Hughes and Dussur Inaugurate Joint Venture in Saudi Arabia
Baker Hughes, a leading energy technology company, and Dussur, a consortium owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco, and SABIC (Saudi Basic Industries Corporation), announced the official inauguration of their joint
