Shalakany has successfully defended its client, a hotel operator, in a court case brought against the client before an Egyptian court. The dispute stems from a hotel management agreement and involved allegations of contractual breach with claims for substantial compensation. The case was filed at court in October 2022. Shalakany managed to secure a favourable decision […]
Deal & transactions
Energy & Trading
United Arab Emirates
Mubadala secures strategic stake in AirCarbon Exchange (ACX)
Abu Dhabi based sovereign wealth fund, Mubadala Investment Company (“Mubadala”) and AirCarbon Exchange (“ACX”), the global exchange changing the voluntary carbon market, have successfully completed a transaction under which Mubadala has acquired a strategic stake
Fintech startup Blnk has raised USD23.7 million in equity and debt funding, and USD8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development
At the Principe di Savoia Hotel in Milan, the Foodcommunity Awards 2022 honoured chefs, formats, concepts, restaurants and brands in the food & beverage sector that have distinguished themselves over the past year for business growth.
The Power and Water Utility Company for Jubail and Yanbu’s (“Marafiq”) has become a publicly traded company on the Saudi Stock Exchange (“Tadawul”). Marafiq raised SAR 3.36 billion (USD 897 million) through its initial public offering (“
Healthcare, Pharma & Life Sciences
IPOs
Other
Asafo & Co. advises in Moroccan private hospital group Akdital’s IPO
Asafo & Co. is advising Akdital in its IPO on the Casablanca Stock Exchange. The offering will take place through a capital increase and a share sale. Valued at 1.2 billion dirhams (US$ 110 million),
White & Case has promoted 26 lawyers to local partner and 14 lawyers to counsel. Six of the promoted local partners are based in Dubai and Riyadh. “Our local partner and counsel promotions span ten global practices
Capital Markets
IPOs
Saudi Arabia
TMT
Saudi-based 2P Initial Public Offering on Tadawul. The advisors
Global law firm White & Case and The Law Office of Megren M. Al-Shaalan have advised Perfect Presentation for Commercial Services Company (“2P”), provider of artificial intelligence and technology solutions, on its initial public offering (“
The first edition of Legalcommunity MENA Awards is fast approaching. The event will be taking place in Cario, at Hilton Cairo Heliopolis Hotel, on the 21st of December. The award ceremony will
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the
