Amr Reda Abdullatif, LL.M Egypt’s leading real estate developer, Talaat Mostafa Group (TMG), has completed a landmark deal to acquire a significant stake in a portfolio of seven historic hotels in Egypt, valued at more than USD 800 million. The deal was announced by Prime Minister Moustafa Madbouly on December 20, 2023, and involved TMG’s subsidiary, Icon Investments, the Sovereign […]
Capital Markets
Healthcare, Pharma & Life Sciences
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United Arab Emirates
Clyde & Co Guides The Talent Enterprise in Mercer Sale
Global law firm Clyde & Co is playing a pivotal role in advising the shareholders of The Talent Enterprise, a renowned psychometric and talent assessment technology company based in the Middle East, on its proposed
Barakat, Maher & Partners, in association with Clyde & Co, has advised JAF Investment on its EGP 177 million 30 per cent dual acquisition (under execution) of Rawaj Consumer Finance and
Masdar Announces Major Renewable Energy Deals at COP28 Masdar, the Abu Dhabi-based renewable energy company, has announced a series of landmark deals at COP28, marking significant progress in its global renewable energy development. The company
Banking & Finance
Capital Markets
Egypt
Dreny & Partners Successfully Closes EGP 984.5 Million Securitization Transaction
Dreny & Partners proudly concludes B.TECH for Trade & Distribution’s second securitization endeavor, totaling EGP 984.5 million. This transaction forms part of a comprehensive 2-year, EGP 5 billion multi-issuance program. CIB Egypt assumed the pivotal
Capital Markets
Energy & Trading
Other
Siemens Energy and Oman Investment Authority: A Strategic Collaboration for
Siemens Energy and the Oman Investment Authority have taken a significant step towards a sustainable future. Following COP28, both entities have signed a Memorandum of Understanding (MOU) for an electrolyser manufacturing facility. This strategic agreement
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
A&O: Fajr Capital buys into Aster DM Healthcare’s GCC business
A consortium led by Fajr Capital, guided by Allen & Overy, is set to acquire a 65% stake in Aster DM Healthcare, specifically its GCC business. Aster DM Healthcare’s board of directors has approved the
Capital Markets
Fashion, Luxury & Design
United Arab Emirates
King & Spalding: Aydın Group sells Major Stake to DIB
King & Spalding provided legal guidance to Aydın Group in the sale of a 20% minority stake in the T.O.M. Group to Dubai Islamic Bank (DIB). This transaction includes an option for DIB
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises Aldar Properties in London Square Acquisition
International law firm CMS has offered comprehensive legal counsel to Aldar Properties (Aldar), a prominent real estate developer, investor, and manager based in the UAE, in its acquisition of London Square Developments for an enterprise
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
The Dubai Real Estate Court’s UniqueRuling
The Dubai Real Estate Court recently issued a unique judgment, establishing the developer’s right to combine the stipulated compensation stated under the contract, along with loss of profits due to a decrease in the
