Tamimi Markets Company (“Tamimi”), a prominent Saudi family-owned supermarket business, has successfully acquired 100% of Al Raya For Food Stuffs Company (“Al Raya”), a major supermarket chain operating in the Western region of Saudi Arabia. The acquisition is a strategic move in line with Tamimi’s national growth strategy, enhancing its presence and market position in […]
International law firm White & Case has provided legal counsel to Africa50, the pan-African infrastructure investment platform, regarding the establishment and initial closing of Africa50 Infrastructure Acceleration Fund I LP (Africa50-IAF), a 12-year closed-end
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Neom and MDLBEAST to Launch Luxurious Sindalah Beach Club
In a groundbreaking collaboration, Neom, the futuristic Saudi Arabian city project, has joined forces with Mdlbeast, a prominent Saudi music entertainment company, to introduce an exclusive beach club experience on Neom’s luxury island, Sindalah.
Banking & Finance
Capital Markets
Deal & transactions
Egypt
MBH Supports ADNOC Group in Major Joint Venture with bp
Matouk Bassiouny & Hennawy has played the role of local counsel to ADNOC Group in a landmark joint venture agreement with global energy giant BP. This partnership will drive the development of key gas assets
Matouk Bassiouny & Hennawy (“MBH“) has provided legal counsel to Amethis in its investment deal with BBI Group, a prominent data management consultancy in the MENA region. The investment, made through Amethis MENA Fund II,
Under the guidance of Sunanda Holmes (pictured), Vice President and General Counsel, The American University in Cairo (AUC) has joined forces with Beltone Holding in a pioneering collaboration. Beltone Holding’s educational division, Beltone Academy,
The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import
Deal & transactions
Saudi Arabia
Transport
Stadler Inks CHF600 Million Major Deal with Saudi Arabia Railways
Stadler, a Swiss company specializing in providing mobility solutions for railway transportation, has finalized a significant agreement with the Saudi national railway company, Saudi Arabia Railways (SAR). The agreement, valued at approximately 600 million Swiss francs,
Capital Markets
Deal & transactions
Egypt
Redcon Properties Announce Strategic Expansion of Golden Gate
Redcon Properties announced the strategic sale of its administrative building at the Golden Gate project to Bonyan for Development and Trade, a prominent commercial real estate investment company. This transaction marks Bonyan’s eighth asset
Amethis MENA Fund II finalizes its fifth transaction by acquiring a minority stake in BBI, a renowned data management consultancy firm operating in the MENA region since 2009. BBI specializes in assisting clients across MENA in
