ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, advised by DLA Piper Middle East, has entered into a USD45 million agreement for the complete acquisition of BIOS Middle East, a regional managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia and Oman. The acquisition, subject to regulatory approvals, will […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie and CMS on Aldar acquisition of Nurai Island
International law firms Baker McKenzie and CMS have advised on the sale of Nurai Island, an ultra-luxury boutique private island resort off the coast of Abu Dhabi, to Aldar Properties (“Aldar”), a major real estate
Al Tamimi & Company has advised ADNOC Gas, a large-scale integrated gas processing company, on its initial public offering (IPO) raising approximately AED 9.1 billion (equivalent to approximately USD2.5 billion) which represents the largest-ever listing on
Global, sector-focused law firm HFW has named Jemima McDonald from its Corporate & Commercial practice in Abu Dhabi, as a legal director. Effective 1 April 2023. Jeremy Shebson, Managing Partner & Giles Kavanagh, Global Senior
Deal & transactions
Food & Beverage
United Arab Emirates
Baker McKenzie with Kitopi on the acquisition of AWJ Investments
Kitopi, the tech-powered multi-brand restaurant, has completed its acquisition of AWJ Investments, a rapidly-growing food and beverage company based in Dubai that operates several major regional brands. The acquisition will bolster Kitopi’s already-impressive
Salik, a leading provider of toll systems and transportation solutions in the United Arab Emirates, has appointed Anwar El Khatib (pictured) as its new Chief Legal Counsel. With an extensive legal background, El Khatib is
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’)
Deal & transactions
Energy & Trading
United Arab Emirates
Latham & Watkins with TotalEnergies on its agreement with CEPSA
TotalEnergies has entered into an agreement with CEPSA, whereby it will acquire CEPSA’s upstream assets in the United Arab Emirates, effective as of January 1, 2023. Latham & Watkins provided legal advice to TotalEnergies in this
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons advises Arada on its USD50 million sukuk tap issuance
Arada Developments (‘Arada’), a major property developer in the Northern Emirates of the UAE, has completed its successful second tap issuance of USD 50 million sukuk with the assistance of Dentons. The transaction was successfully completed
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
