Sharjah Islamic Bank (SIB) has entered into a groundbreaking agreement with the Turkiye Wealth Fund (TWF), marking a significant milestone in Islamic finance. The agreement involves the provision of a Shariah-compliant Murabaha facility worth $100 million USD over a three-year period. Facilitated by Dogan Investment Bank, this marks the first time the Turkish Sovereign Wealth […]
Banking & Finance
Deal & transactions
Oil & Gas
United Arab Emirates
Emarat Teams Up with Al Maryah for Station Naming Rights
Emirates General Petroleum Corporation (Emarat) has entered into a strategic partnership with Al Maryah Community Bank, granting them the prestigious opportunity to secure the first-ever naming rights for its fuel stations. Al
Deal & transactions
Industrial
United Arab Emirates
EGA to Acquire Recycled Aluminium Producer, Leichtmetall
Emirates Global Aluminium (EGA), a global aluminium producer, has announced the signing of a binding agreement to acquire Leichtmetall Aluminium Giesserei Hannover (Leichtmetall), a German aluminium recycling company. Leichtmetall is a European specialty foundry
Banking & Finance
Energy & Trading
Other
Asafo & Co. Advises Adenia on Air Liquide Subsidiaries Purchase
In a strategic move to bolster its presence in Africa, Adenia Partners (Adenia), a prominent private equity firm focusing on sustainable investments, has finalised an agreement with Air Liquide, a supplier of industrial and medical
Global law firm HFW has announced the promotion of seven new Partners and five new Legal Directors, effective April 1, 2024. These promotions mark HFW’s ongoing growth across its international network and key sectors, spanning the
Capital Markets
Egypt
Healthcare, Pharma & Life Sciences
MBH Advises Admaius on Parkville Stake Acquisition
Matouk Bassiouny & Hennawy (MBH) served as legal counsel to Admaius Capital Partners (Admaius), a prominent African-focused private equity fund, in its acquisition of a significant minority stake in Parkville Holding B.V. (Parkville) and
Shuaa Capital has launched a consent solicitation to amend the terms of USD 150 million in outstanding bonds, due on March 31, 2024. Over 25% of noteholders have already expressed support for the proposal. This initiative aligns with Shuaa’
Cyril Amarchand Mangaldas (CAM), a prominent law firm in India, has made a significant announcement regarding its expansion into the global arena with the establishment of its presence in Abu Dhabi, United Arab Emirates (UAE).
Banking & Finance
Competition & Antitrust
Healthcare, Pharma & Life Sciences
United Arab Emirates
NMC and Dubai Islamic Bank Reach Amicable Resolution
NMC Healthcare group (“NMC”), a prominent private healthcare provider in the United Arab Emirates (“UAE”), and Dubai Islamic Bank (“DIB”), one of the largest Islamic banks in the UAE, have announced the successful resolution of
Global law firm Clifford Chance has provided counsel to the joint lead managers on two sukuk issuances by the Islamic Corporation for the Development of the Private Sector (ICD) as part of its Trust Certificate
