Akin Gump has advised Capital Investments (DIFC) and Capital Investments and Brokerage Company / Jordan as the sole structuring agent and manager, respectively, in respect of Capital Bank of Jordan’s inaugural $100 million Reg S perpetual Basel III-compliant additional tier 1 capital securities offering. The issuance is the first-ever additional tier 1 capital securities offering […]
TruKKer, a Saudi-headquartered digital freight network, has successfully completed its Series B equity and debt funding round. The investors in the fundraising included ADQ, Abu Dhabi Developmental Holding Company and Riyadh-based venture capital fund STV,
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS: ADIB finances Urbium Capital Partners’ acquisition of Sainsbury store
Abu Dhabi Islamic Bank (ADIB), a Shariah compliant financial institution, has provided structured Islamic financing of GBP 20 million to Urbium Capital Partners (UCP) for their acquisition of a Sainsbury’s store in Edinburgh, Scotland. The
Capital Markets
Energy & Trading
United Arab Emirates
White & Case: Sweihan PV Power Company issues green project
Global law firm White & Case LLP has advised the Abu Dhabi-based Sweihan PV Power Company (SPPC) on the issuance of its US$700.8 million 3.625% senior secured amortizing green project bonds due 2049. The bonds are governed
Banking & Finance
United Arab Emirates
Latham & Watkins: Chimera Capital closes venture capital fund at
Abu Dhabi investment firm Chimera Capital, a subsidiary of Chimera Investments, which is part of Royal Group, has successfully closed its second venture capital fund at USD 10 billion. The new fund, Alpha Wave Ventures II,
GLA & Company, a regional law firm based in the Middle East, has officially launched its Dubai office making it the firm’s first office in the United Arab Emirates. The newly launched office will
Global law firm Norton Rose Fulbright – acting as US federal securities, New York, English and UAE law legal counsel – has advised the underwriters, led by Citi, HSBC and MUFG, in connection with the issuance by
Cosmetic and skin care brand Huda Beauty has tapped Liam Collens as its new general counsel. Collens joins the company from multinational consumer goods company Reckitt, where he was part of the legal team for
Sustainability and digital experts currently operating in the UAE, KSA and Egypt, Beeah Group have appointed Shaun Johnson (pictured) as its group general counsel. Johnson reports to the group ceo Khaled Al Huraimel, who highlighted
