ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (“OIA”), across a variety of sectors aimed at contributing to increased economic cooperation and trade between both nations. This comes on the sidelines of the President of the UAE’s visit to Oman. ADQ and OIA recently entered into […]
Capital Markets
Egypt
Industrial
TCI Sanmar completes Egypt’s first Bonds Issuance via Debt Conversion
TCI Sanmar Chemicals (“TCI Sanmar”) has successfully completed the private placement of the company’s Non-Convertible Debentures (“NCDs”) to nine foreign banks through the conversion of 15% of the total debt of TCI Sanmar into a
Alieldean Weshahi & Partners acted as legal advisor for Contact Financial Holding, a non-bank financial service provider in Egypt, on the closing of an EGP 2 billion (approx. USD 102.5) sukuk issuance, following Financial Regulatory Authority (“FRA”)
Nord Anglia Education, a premium international schools organization, has further expanded its presence in the Middle East with the joining of Amman Academy to its family of schools. Amman Academy, a private co-educational, bilingual
Deal & transactions
Egypt
Food & Beverage
ZH&P on the Gov. of Egypt’s concession for Strategic Warehouses
Hassan Allam Utilities, Orascom, and Samcrete have signed an agreement with the Internal Trade Development Authority (“ITDA”) for the financing, design, construction, operation and maintenance of the strategic warehouses for primary products in the
Deal & transactions
Transport
United Arab Emirates
Etihad Rail and Oman Rail to build a USD 3 billion
Etihad Rail, the developer and operator of the UAE National Rail Network, signed an agreement with Oman Rail, the Sultanate’s national developer and operator of railway networks, to jointly establish an equally-owned company, Oman-Etihad
Appointments
Banking & Finance
United Arab Emirates
Jamie Levy named senior advisor at Abu Dhabi Investment Office
General counsel at Abu Dhabi Investment Office (“ADIO”), Jamie Levy (pictured), has been named as the company’s Senior Advisor, effective September 2022. The announcement was made by Levy via a LinkedIn post that read:”
Banking & Finance
Capital Markets
Egypt
Dreny & Partners: Efg Hermes completes securitization transaction
Efg Hermes Corp Solutions has successful completed the second securitization transaction amounting to EGP 2 billion, from a multi-issuances program amounting to EGP 3 billion. The issuance was comprised of three tranches, where the first tranche is
Deal & transactions
Transport
United Arab Emirates
Safeen Feeders & Invictus Investment launch new dry bulk services
AD Ports Group’s Safeen Feeders has signed a strategic agreement with Invictus Investment to launch a new international dry bulk shipping service. Under the terms of the agreement, the two companies will purchase ships
Deal & transactions
Egypt
Fashion, Luxury & Design
Al Tamimi & Co advises ECC on the acquisition into
Egyptian Company for Cosmetics (“ECC”), an Egypt-based specialised contract manufacturer for the cosmetics and personal care industries, has acquired a majority stake in beauty products marketplace Source Beauty, for an undisclosed amount.
