Baraka, a commission-free online brokerage platform based in the Middle East, has raised USD20 million in a Series A funding round, led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood. The proceeds will be used by Baraka to expand across the GCC and Egypt, increase customer acquisition, and hire staff […]
The first NFT by a law firm in the Middle East and North Africa (MENA) has been launched by Al Tamimi & Co. The collection, titled NFTamimi, provides a unique perspective of the region’s
Deal & transactions
Transport
United Arab Emirates
Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November. Sky Fund I owns and is
Education
IPOs
United Arab Emirates
Taaleem raises AED750 million in IPO with oversubscribed offering
Taaleem Holdings, the K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, has successfully completed the book building and public subscription process for its Initial Public Offering (“IPO”) on the
Deal & transactions
Industrial
United Arab Emirates
Emirates Global Aluminium and ITOCHU to explore joint projects
Emirates Global Aluminium (“EGA”) and ITOCHU Corporation of Japan signed an agreement to explore joint projects in the UAE, which would advance the goals of the UAE’s Operation 300 billion industrial growth strategy. The
Banking & Finance
Deal & transactions
United Arab Emirates
Abu Dhabi Global Market signs MoU with Abu Dhabi Islamic
Abu Dhabi Islamic Bank (“ADIB”) signed a Memorandum of Understanding (“MoU”) with Abu Dhabi Global Market (“ADGM”), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community
Banking & Finance
Deal & transactions
United Arab Emirates
Al Khayyat Investments acquires Growthcap’s distribution business
Regional conglomerate Al Khayyat Investments (“AKI”) has completed the acquisition of Growthcap Investments’s distribution business in the UAE in respect of over 30 brands including Tippys, Natures Kitchen, Enviro Guard, Resona Organics and Huy Fong.&
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuance
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
Al Tamimi & Company has established a new Advocacy Unit and appointed partner David Holloway (pictured) as its head. The creation of the new unit has come in response to the increase in English language
Teynier Pic, the independent boutique firm dedicated to international and domestic dispute resolution in France, welcomes Danny Rifaat (pictured) to its partnership. Rifaat’s experience includes acting as both arbitrator and counsel in international arbitrations
