In a significant move towards strategic transformation, HSA Group has launched the first generation of its new compliance policies. The new compliance policies aim to enhance good governance practices, comply with international standards, and achieve the highest levels of transparency and responsibility. They include: The HSA Group believes that these new policies will play a […]
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Saudi Arabia
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United Arab Emirates
Clifford Chance Announces Promotion of 29 Lawyers to Partnership
Clifford Chance, announced today the promotion of 29 lawyers to its partnership. The newly promoted partners, including Ahmed Choudhry in the KSA branch and Jeremy Barker In Dubai branch, exemplify the firm’s commitment to nurturing
Banking & Finance
Capital Markets
Corporate
Deal & transactions
Egypt
IPOs
Dreny & Partners Closes EGP 600 Million Issuance for Hermes
Dreny & Partners, has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB), a subsidiary of EFG Hermes Holding. The transaction, worth EGP 600 million, marks the fifth
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CMS strengthens Middle East offering with partner hire
International law firm CMS continues its strategic expansion in the Middle East with the appointment of Energy and Infrastructure partner Keith Bullen. Keith joins CMS from EY Law MENA, where he led the Energy and
In a significant development for the global legal landscape, two major US law firms, Quinn Emanuel Urquhart & Sullivan and Morgan Lewis, are set to open offices in Saudi Arabia. This move comes in the
Capital Markets
Egypt
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Amr & Partners Paves the Way for Villeroy & Boch’s
Villeroy & Boch, an international ceramics manufacturer, has successfully established its manufacturing presence in Egypt. This milestone was achieved through a strategic partnership with Keramika Magenta, a prominent player in the local ceramics industry. Amr &
Capital Markets
Competition & Antitrust
Egypt
Industrial
White Collar Crime
MBH Secures Favorable Settlement for Misr Beni Suef Cement CO
Matouk Bassiouny & Hennawy (MBH) announced a successful settlement for Misr Beni Suef Cement CO. in a prolonged dispute before the Egyptian courts. The dispute was related to an arbitral award issued by CRCICA in 2022
Segame & Maalmi, a multidisciplinary law firm established in 1995, has unveiled a significant rebranding to reflect its evolved business strategy and core values. This rebranding goes beyond a new logo or color scheme—it represents
Saudi Arabia’s low-cost airline, Flynas, has announced its intention to list shares on the Tadawul stock exchange this year. This move aligns with Saudi Arabia’s broader ambitions to expand its aviation sector and
Banking & Finance
Capital Markets
Egypt
IPOs
B Investments Acquires Majority Stake in Orascom Financial
B Investments announced the successful completion of its mandatory tender offer (MTO) to acquire approximately 70% of Orascom Financial Holding (OFH). This transaction is the first MTO to be executed in the Egyptian market through a
