Dreny & Partners advised MNZL Fin — a Cairo based financial technology company providing asset-backed financing solutions — in securing its dual-purpose fintech license, covering both consumer finance and mortgage activities under Egyptian laws. The Dreny & Partners team Dreny & Partners’ managing partner Motaz El Dreny (pictured) led the transaction.
Spencer West has opened a new location in the UAE, marking the firm’s debut in the Middle East. Senior Partner Simeon Spencer described the region as a “dynamic and rapidly evolving market.” Four founding
El Wakeel Law Firm advised Al Ashraaf Development on an agreement with IHG Hotels & Resorts for the management of the first Holiday Inn hotel in Obour City, an Egyptian location in the Qalyubia Governorate.
Deal & transactions
United Arab Emirates
King & Spalding advises on Abu Dhabi energy acquisition and
King & Spalding advised Abu Dhabi National Energy Company PJSC (TAQA) and Dubal Holding on the acquisition of Emirates Global Aluminium’s (EGA) Al Taweelah 3.1GW combined cycle gas-fired plant for USD $1.9 billion – approximately AED 7
Deal & transactions
Saudi Arabia
Uncategorized
Gibson Dunn with Vision Invest on 10% sale in Miahona
Gibson Dunn advised Riyadh-based public-private investment company Vision Invest in connection with the sale of its 10% stake in Saudi Arabian water and wastewater company Miahona to multiple investors. The operation was completed via private transactions
Egypt
Real Estate, Construction & Infrastructure
Zaki Hashem with CJN on USD 1 billion industrial complex
Egypt-based Zaki Hashem advised Chinese phosphate chemical industries company CJN on the establishment of a phosphate chemical industrial complexes within the Suez Canal Economic Zone (SCZONE). In particular, the firm supported CJN on the usufruct
Matouk Bassiouny & Hennawy (MBH) advised the National Bank of Egypt (NBE), in connection with a syndicated loan to Drive Finance –a non-Banking Financial Institution (NBFI) – with a facility amount of up to EGP 5
Matouk Bassiouny & Hennawy (“MBH”) advised a syndicate of Egyptian banks – working under the leadership of Banque Misr and including Banque du Caire, National Bank of Egypt, Housing and Development Bank, as well as Suez
MBH and White & Case advised Qatari Diar – a real estate investment company wholly owned by the Qatar Investment Authority – on a USD 29.7 billion investment for a strategic partnership with the New Urban Communities Authority (
UAE-based Galadari Advocates & Legal Consultants has promoted Fadi Hassoun (pictured) to senior partner. Within the context of the new role, Hassoun will continue to head the firm’s Abu Dhabi office. The profile Fadi
