Almarai Investment Holding, a unit of the largest dairy company in the Middle East, Saudi Arabia’s Almarai, has acquired full ownership of International Dairy and Juice Limited (IDJ), a former joint venture with PepsiCo in Egypt and Jordan. In a deal worth 255 million Saudi riyals ($68 million), Almarai purchased PepsiCo’s 48% share in […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Cms advises Aldar Properties on its partnership with Dubai Holding
International law firm CMS has advised Aldar Properties (“Aldar”) on its joint venture with Dubai Holding to develop three new residential communities in Dubai consisting of over 9,000 residential units. The agreement marks Aldar’s
Saint-Gobain, through its Chryso business, has completed the acquisition of IDP Chemicals in Egypt. IDP Chemicals is focused on the buoyant building and infrastructure markets in Egypt, which should see strong growth for the
Deal & transactions
Egypt
Transport
ZH&P advises Global Auto in establishing a JV with Contact Financial
Global Auto, the official and authorised distributor of BMW and MINI in Egypt, in entering into a joint venture and operating agreements with Contact Financial Holding to provide consumer financial services to end clients. This
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Riad & Riad and Fintech Buddy Saudi Arabia join forces
Fintech Buddy Saudi Arabia, a one-stop shop platform that provides professional services for startups and foreign companies (sponsored by The Law Firm of Nasreen Alissa), signed a Memorandum of Understanding (MoU) with Riad & Riad
Baker McKenzie Switzerland, in conjunction with legal representatives from London, Madrid, Rome and Riyadh offices of Baker McKenzie, provided counsel to Enagás and Fluxys for the purchase of additional shares in Trans Adriatic Pipeline (“
Deal & transactions
TMT
United Arab Emirates
Zero&One signs a strategic collaboration agreement with AWS
Zero&One has recently signed a long-term regional partnership agreement with Amazon Web Services (“AWS”) to further their commitment to supporting clients across the MENA region in their transition to the cloud.
Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services
Eni CEO, Claudio Descalzi, and National Oil Corporation of Libya (‘NOC’) CEO, Farhat Bengdara, have come together to launch “Structures A&E,” a major gas development project in Libya. The aim is to boost
Deal & transactions
Oil & Gas
Qatar
QatarEnergy acquires a 30% interest in Lebanese offshore gas fields
QatarEnergy, in partnership with TotalEnergies and Eni, has signed agreements with the Lebanese government to become a stakeholder in two offshore exploration blocks in Lebanon. QatarEnergy will hold a 30% working interest in Blocks 4 and 9,
