Saudi Real Estate Refinance Company (“SRC”), the wholly-owned Public Investment Fund of the Kingdom of Saudi Arabia, has increased its programme limit from SAR 10 billion to SAR 20 billion and issuance of SAR 3 billion (USD798 million) sukuk guaranteed by the Ministry of Finance of the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk programme. […]
Energy & Trading
United Arab Emirates
Adnoc & Taqa’s sub-sea electricity transmission “Project Lightning”
Abu Dhabi National Oil Company (“ADNOC”) and Abu Dhabi National Energy Company (“TAQA”) are jointly procuring the development, innovative sub-sea electricity transmission project The development is expected to reduce the carbon footprint of ADNOC’s
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022,
Asafo & Co. advised Holged Group, a provider of primary and secondary education in Morocco and Tunisia, in Africa 50’s investment in its share capital. Africa 50, a pan-African infrastructure investment platform, entered into
Thursday the 13th witnessed the celebration of the Italian Inhousecommunity Awards 2022 in Milan. The ceremony was an opportunity to shed a spotlight on the world of legal affairs, personnel, CFOs, CEOs and
Banking & Finance
United Arab Emirates
National Bonds Introduces its Golden Pension Scheme for UAE residents
National Bonds Corporation, the UAE based Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has launched its Golden Pension Scheme in the UAE in a move to ramp up its
Deal & transactions
Energy & Trading
United Arab Emirates
Siemens Energy and Adio to set up innovation centre in Abu
The Abu Dhabi Investment Office (“Adio”) is joining forces with Siemens Energy to accelerate the development of clean energy technologies in the UAE and globally. Under the agreement, Adio will provide Siemens Energy
Sudan based law firm; Abdeen&Co welcomed Islam Shalall (pictured) to its executive committee as the firm’s new deputy managing partner. Reporting to the firm’s managing partner Mohamed Abdeen, she will oversee
Iberian firm Cuatrecasas has relocated its Angola office to Torre Maculusso, a 16-story office building in downtown Luanda. The new space of more than 300 square meters reflects the ongoing growth of the firm’
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance with Aldar Properties on a USD400m investment deal
Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. The USD 400
