Global law firm, King & Spalding, provided legal counsel to Alkhabeer Capital in the successful establishment of the Alkhabeer Diversified Income Traded Fund 2030, slated for listing on the Saudi Stock Exchange. The fund aims to raise SAR 300 million (approximately US$ 80 million). Operating in adherence to Shari’ah principles, the Alkhabeer Diversified Income Traded […]
Al Rajhi Bank, one of the world’s largest Islamic lenders, successfully raised $1 billion through the sale of 5-year sustainable Islamic Bonds or ‘sukuk’, according to a document from arranging banks released on Tuesday.
Capital Markets
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
Saudi Arabia
sarie eldin & partners Facilitates Major Real Estate Deal in
sarie eldin & partners – announce its successful role as legal advisor to Talaat Moustafa Group Saudi Real Estate Development Company (“Talaat Moustafa Saudi”) on a landmark agreement with the Saudi National Housing Company (“NHC”). Signed
Squire Patton Boggs has announced the promotion of 13 lawyers to partner and three to principal positions across their international offices. “I would like to congratulate each of these individuals on reaching this well-deserved career milestone,”
Linklaters provided legal counsel to Tokio Marine & Nichido Fire Insurance Co. (TMNF) in its sale of a 5.75% stake in Arabian Shield Insurance Company, a publicly listed Saudi Arabian firm, to Alinma Bank. This transaction
The Saudi Civil Code, which came into force on 16 December 2023, marks a significant milestone in the modernization of the Saudi legal system. This comprehensive codification of contract and property law replaces the previously applied Sharia
Banking & Finance
Healthcare, Pharma & Life Sciences
Saudi Arabia
Linklaters: Saudi German Health Launches US$400m Sukuk
Global law firm, Linklaters has recently provided legal advisory services to Middle East Healthcare Company, commonly known as Saudi German Health, in establishing a SAR 1.5 billion (approximately US$400 million) public sukuk issuance program. The sukuk,
Opinions
Qatar
Saudi Arabia
United Arab Emirates
ESG in the Arbitration Arena: Balancing Act or Game Changer?
With Suzan Taha Step into the world of arbitration with LegalcommunityMENA’s exclusive interview featuring two legal luminaries, Peter Smith and Patrick Gearon from global law firm Charles Russell Speechlys. As we explore the
Capital Markets
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
Transport
United Arab Emirates
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
FTI Consulting, Inc. has successfully obtained a Regional Headquarters License (RHQ) from the Ministry of Investment of Saudi Arabia. This newly acquired license underscores the firm’s unwavering commitment to bolstering its presence and enhancing
