Emaar Malls Management (“Emaar Malls”) has entered into a definitive share purchase agreement with Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (“PIF”), to sell 100% of its stake in online fashion retailer Namshi Holding Limited (“Namshi”) for an agreed amount of AED 1.23 billion (USD335.2 […]
Deal & transactions
Industrial
Saudi Arabia
MAZ Group and Rheinmetall Air Defense create Rad Arabia Co.
The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins has represented Saudi-based MAZ Group in its Joint Venture with Swiss-based Rheinmetall Defense to create Rad Arabia Co., a manufacturing and development
Deal & transactions
Energy & Trading
United Arab Emirates
Norton Rose Fulbright advises IHC on a AED1.8B acquisition deal
Global law firm Norton Rose Fulbright has advised International Holding Company (IHC) in connection with its AED 1.8 billion (approximately USD 490 million) acquisition of a 50% stake in Kalyon Enerji, through its subsidiary International Energy Holding. &
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Global law firm Gowling WLG has strengthened its presence in the MENA Region with the opening of a new office in Abu Dhabi. The firm’s has been operating out of its MENA regional office
Banque Misr’s Legal Department has received the certificate of ISO 9001:2015 for legal quality management. The certificate was awarded by TUV Southwest, which is recognized by the Egyptian Organization for Standards and Quality and
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Al Tamimi & Company with Peninsula on a AED555m assets deal
Peninsula Real Estate Management Limited (“Peninsula”), a real estate investment company incorporated in Abu Dhabi Global Market, has agreed to purchase for an amount of AED 555 million 17 leased warehouse buildings situated on five plots at
French container transportation and shipping company CMA CGM Group via its subsidiary CMA Terminals Holding has signed a definitive terminal service agreement and a terminal operating agreement for Alexandria’s Port’s Trans Misr
Al Tamimi & Company has appointed David Yates (pictured) to head its Digital and Data team. The hire strengthens the firm’s capabilities in its Digital and Data practice and takes the total number of
Banking & Finance
Capital Markets
Egypt
MBH: Chimpe 1 Investment acquires stake in Beltone Financial
Chimpe 1 Investment, an entity affiliated with Chimera Investment, has acquired a majority stake (56%) in Beltone Financial Holding at EGP 384.8 million (approx. $20.11 million). The acquisition came as part of Chimera Investment’s plans to
