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 the London Stock Exchange’s International Securities Market and was offered to sophisticated investors outside the US in reliance on Regulation […]
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
Deal & transactions
Energy & Trading
United Arab Emirates
Majid AlFuttaim committed to enhancing plastic pollution awareness
The 27th Conference of the Parties (“COP27”), currently being held in Egypt, witnessed the signing of a Memorandum of Understanding (“MoU”) between Majid Al Futtaim Holding Company, the UAE Ministry of
Deal & transactions
Transport
United Arab Emirates
Global Feeder Shipping sells majority stake to Abu Dhabi Ports
Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.&
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to Convergint
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads Styling
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Karim Nassif, founder of the independent Dubai based arbitration practice Nassif Arbitration, has been appointed a Vice Chair of the ICC Commission on Arbitration and ADR, upon the nomination of the ICC UAE National Committee
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution
Global law firm Norton Rose Fulbright has appointed capital markets partner Hamed Afzal (pictured) in its Dubai office. Afzal, who joins from Akin Gump, is an English-qualified capital markets lawyer with broad experience spanning debt
