Asafo & Co. worked alongside the pan-African banking group, Coris Group, in signing an agreement for the acquisition of the subsidiaries Societe Generale Mauritania and Societe Generale Chad, currently majority-owned by the Societe Generale Group.. The transaction was part of a move by Société Générale to sell its businesses in four African countries. These acquisitions […]
Banking & Finance
Egypt
Transport
Afreximbank Grants $44M Aircraft financing facility to CIAF Leasing
Afreximbank, the African Export-Import Bank, has granted a US$44 million aircraft financing facility to CIAF Leasing, a company based in Egypt. The facility aims to strengthen CIAF Leasing’s leasing operations by enabling the acquisition
Riyadh, Saudi Arabia – In a historic move, the Council of Ministers of the Kingdom of Saudi Arabia (KSA) has given its approval to the long-awaited Civil Transactions Law (CTL) during its session on June 13, 2023. This
The Legalcommunity Week is the event organized by LC Publishing Group, which has been bringing together the Italian and international legal community in Milan since 2017. The seventh edition, taking place from June 12th to June 16
Banking & Finance
Capital Markets
Egypt
Dreny & Partners on Enmaa Finance’s EGP759m inaugural securitization
Dreny & Partners acted as legal counsel in the successful completion of Enmaa Finance’s inaugural securitization transaction. The transaction involved the securitization of Enmaa Finance’s financial leasing portfolio, amounting to EGP 759 million, as
From MENA to the WORLD With Suzan Taha In a recent interview with LegalcommunityMENA, Yehia Shahine, Partner & Head of Arbitration at ALC – Alieldean Weshahi & Partners, discussed the implications of the recent amendment
Banking & Finance
United Arab Emirates
Clifford Chance: Majid Al Futtaim issues $500 million green sukuk
Clifford Chance, an international law firm, provided legal advice to Majid Al Futtaim (MAF), a prominent conglomerate in the Middle East, Africa, and Asia, on the issuance of a US$500 million green sukuk. Majid Al
SRDB Law Firm expands its footprint in the Gulf and Middle East with the inauguration of its new office in Abu Dhabi, United Arab Emirates, further strengthening its presence in the region. This strategic move
Banking & Finance
Services
United Arab Emirates
Dentons on US$500M Trust Certificates Issuance by MAF Sukuk
Dentons provided legal counsel to the managers in a successful issuance of US$500 million Trust Certificates by MAF Sukuk, an SPV incorporated in the Cayman Islands. The transaction was completed on June 1, 2023, with Citigroup, HSBC,
In a move that further strengthens the growing trade ties between Egypt and Indonesia, Abdallah & Abu El Naga Legal Advisors has launched its associated office in Jakarta with azp legal consultants. This development comes
