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 the Almarkaz Industrial Development from Waha Capital, an Abu Dhabi-listed investment management company, through its wholly owned subsidiary […]
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
Proger and its Egyptian subsidiary Proger Egypt have signed a contract for the turnkey design and construction of a 63,000 square meters building complex for Belayim Petroleum Company’s (“Petrobel”) headquarters in Cairo. Proger Egypt
Deal & transactions
Transport
United Arab Emirates
Zakher Marine International successfully acquired by ADNOC L&S
Zakher Marine International (“ZMI”), an Abu Dhabi-based owner and operator of offshore support vessels, has been acquired by ADNOC Logistics & Services (“ADNOC L&S”), the shipping and maritime logistics arm of Abu Dhabi
The National Bank of Egypt (“NBE”), one of the most prominent banks in Egypt, Africa and the Middle East, successfully obtained the “ISO 9001/2015” certificate in the field of Quality Management of the legal group, granted
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar Properties acquires RAK based property for AED810m
Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan
Banking & Finance
Capital Markets
Egypt
MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction. The transaction is considered the first issuance of Tasaheeel and Mashroey’s
Deal & transactions
Healthcare, Pharma & Life Sciences
Other
Pharmaceutical Institute (PHI) completes acquisition by Kelix Bio
KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”). This investment marks KELIX bio’s first entry into Morocco – an important market in the company’
