Retal Urban Development Co. (“Retal”), a next generation real estate developer of integrated master plan communities offering a portfolio of lifestyle-oriented residential, commercial, and mixed-use properties in the Kingdom of Saudi Arabia announced its Intention to Offer 30% of its share capital to the public through an initial public offering (“IPO”) and listing its shares […]
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Al Mutlaq Group signs a USD400m joint venture agreement with
The Red Sea Development Company Announces First Joint Venture Agreement with Al Mutlaq Group for Red Sea Project Almutlaq Real Estate Investment Co. (“AREIC”), a subsidiary of the Al Mutlaq Group (“AMG”), has entered
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance, has named Hanan Hassanain (pictured) as a partner, effective 01 July 2022. Hassanain has extensive experience in public policy matters as well as
Saudi Arabian Military Industries (“SAMI”) has named its general counsel Abdulaziz Albassam (pictured) as its new chief legal officer and board secretary. The chemical engineer turned lawyer joined SAMI from Saudi Aramco, where was
Deal & transactions
Egypt
Saudi Arabia
TMT
Egypt’s Benya enters into a cooperation agreement With Saudi’s Alfanar
Benya Group, the digital solutions and ICT infrastructure provider in Egypt and MEA region signed a cooperation agreement with alfanar company, specialists in the electrical and construction industries in the Middle East and
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Baker McKenzie: EFG Hermes and valU in two transactions in
Baker McKenzie has advised EFG Hermes and its buy-now-pay-later (BNPL) fintech platform, valU for consumer finance (valU), on two planned strategic ttransactions. The first of which is the acquisition by valU of a stake
Appointments
Banking & Finance
Saudi Arabia
Umera Ali joins Dentons’ Middle East Banking and Finance Practice
Dentons has expanded its Middle East Banking and Finance practice with the hire of Saudi-focussed partner Umera Ali (pictured). Ali has significant experience of advising a global client base having worked in six jurisdictions
Banking & Finance
Food & Beverage
Saudi Arabia
Allen & Overy advises Prosus on its Series C investment
Allen & Overy has advised Prosus, a global technology investors, as lead investor on a USD170 million Series C funding round by Foodics, a cloud-based technology and payment platform for restaurants in the MENA region.
Deal & transactions
Egypt
Industrial
Other
Saudi Arabia
Dentons: Volkswagen’s Cariad acquires Intenta’s automotive business
Global law firm Dentons has provided comprehensive antitrust advice to Cariad, the software division of the Volkswagen Group, in relation to its acquisition of the automotive business of Intenta. With the acquisition, Cariad is expanding
Alkhabeer Capital has successfully completed the listing and commencement of trading of Alkhabeer Growth and Income Traded Fund units on the Saudi Exchange (Tadawul). The offering raised 1.08 billion Saudi Arabian Riyals (US$D 288 million). The
