In a significant development for the automotive industry, Bahrain Mumtalakat Holding Company (“Mumtalakat”) has taken full control of the renowned McLaren Group. This acquisition includes a majority stake in the McLaren F1 team, solidifying Mumtalakat’s commitment to the brand. Mumtalakat, already McLaren’s largest shareholder, now holds full ownership. This move simplifies the shareholder structure and […]
Al Nowaisser & Al Suwaylimi Attorneys and Counselors at Law (NSAC) acted as legal counsel for Alaa Saeed, Co-Founder of Array Innovation (Array), in the signing of a significant launch agreement with Bahrain Mumtalakat Holding
Banking & Finance
Transport
United Arab Emirates
Dentons Facilitates US$235 Million Ship Financing for ABGC
International law firm, Dentons has provided legal counsel to a consortium of financiers on a groundbreaking Shari’a-compliant syndicated ship financing, amounting to US$235 million, for a joint venture between Al Seer Marine and BGN,
Sarie Eldin & Partners Legal Advisors successfully represented Ace Links Company in obtaining a golden license from the General Authority for Free Investment (GAFI). The golden license, a comprehensive business permit granted by the Egyptian
Global law firm HFW has recently announced the promotion of 16 new Senior Associates, effective from April 1, 2024. This move underscores the firm’s commitment to expanding its talent pool across its international network and core sectors,
Banking & Finance
Saudi Arabia
Services
Herbert Smith Guides Lenders On Saudi Water Pipeline Project
International law firm Herbert Smith Freehills has advised the lenders to a joint venture (JV) between Cobra Instalaciones y Servicios and Alkhorayef Water & Power Technologies. The joint venture aims to construct a pioneering 150-kilometer-long
UNICEF UK has unveiled a groundbreaking partnership with global law firm Clyde & Co, marking the inception of the Emergency Alliance. This innovative initiative seeks to galvanize upfront private sector investment to bolster UNICEF’s
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
Clifford Chance on Cenomi Properties $500 Million Sukuk Issuance
Global law firm Clifford Chance has advised the joint lead managers for a significant sukuk issuance totalling US$500 million by Arabian Centres Company, also known as Cenomi Properties. Additionally, Clifford Chance advised the dealer managers
CMS has announced a global partnership with Harvey, a leading generative AI (GenAI) platform. This collaboration positions CMS, which operates in 47 countries, at the forefront of utilizing GenAI to enhance legal service delivery to
Matouk Bassiouny, announce significant promotions within its ranks. These accomplished professionals have consistently demonstrated excellence and dedication to their practice areas, contributing to the firm’s continued success Mohamed Essam: Promoted to Partner and
