In a move that underscores its commitment to becoming a regional investment powerhouse, Saudi Arabia has unveiled a joint initiative aimed at enticing multinational groups (MNGs) to establish their regional headquarters (RHQs) within the Kingdom. The initiative, a collaborative effort between the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh […]
In a significant move within the media and publishing landscape, Paramount Global has successfully finalized the sale of Simon & Schuster to global investment firm KKR for a staggering $1.62 billion in an all-cash transaction. The
Abu Dhabi, UAE: With ADNOC’s chief legal counsel, Salem Mohammed Al Darei (pictured) at the helm of its legal department, Abu Dhabi National Oil Company, a prominent player in the energy sector with substantial
Banking & Finance
Capital Markets
United Arab Emirates
Ibrahim .N. PARTNERS is helping Ajman Bank raise for an
Ibrahim .N. PARTNERS Helps Ajman Bank Raise AED 550 Million in Oversubscribed Rights Issue Dubai-based law firm Ibrahim .N. PARTNERS has played a pivotal role in Ajman Bank’s recent successful AED 550 million Rights Issue. The
The General Authority for Investment and Free Zones (GAFI) has introduced a new initiative called the “Single Approval” to enhance its existing “Golden License” framework in order to attract more investors. This development was announced
Dentons, the largest global law firm, is set to introduce a specialized version of ChatGPT called “fleetAI” that aims to enhance its legal services by leveraging generative artificial intelligence. This proprietary tool incorporates a chatbot
Capital Markets
Industrial
Saudi Arabia
Dentons on Farabi Petrochemicals’ first overseas acquisition
Global law firm Dentons acted as legal counsel to Saudi Arabia’s Farabi Petrochemicals Company (Farabi) on its landmark first overseas acquisition. In a strategic move to expand its foothold in the Asian market, Farabi
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Clyde & Co in Aldar Properties acquisition into Basatin Landscaping
Clyde & Co acted as legal counsel to Zaad Capital on the successful AED 150 million sale of a 75% stake in Basatin Landscaping to Aldar Properties, an Abu Dhabi-based property development, management, and investment company. Aldar
Under the leadership of Brooke Lindsay (pictured), Group Chief Legal & Compliance Officer, Emirates Telecommunications Group Company “e&” (formerly Etisalat Group) has recently finalized a binding agreement with PPF Group (“PPF”) to acquire a
Capital Markets
Real Estate, Construction & Infrastructure
Dreny & Partners in first-ever Club Memberships Securitization in Egypt
Dreny & Partners has successfully advised Arab Company for Projects and Urban Development (ACPUD), an affiliate of Talaat Moustafa Group Holding, on the groundbreaking securitization backed by a portfolio of club membership fees worth EGP 410.8
