ADNOC Logistics & Services plc (ADNOC L&S), a global energy maritime logistics leader, successfully completed its initial public offering (IPO) and listing on the Abu Dhabi Securities Exchange (ADX), raising a staggering $769 million in gross proceeds. Shearman & Sterling, a renowned law firm, advised ADNOC L&S and Abu Dhabi National Oil Company (ADNOC) as the selling shareholder throughout the transaction.
Deal & transactions
E-Commerce
Saudi Arabia
A&O: Aljazira Capital invests in Floward Pre-IPO investment round
Aljazira Capital (‘AJC’) has led Floward’s USD 156 million Series C Pre-IPO investment round with the support of Allen & Overy. The investment round was led by AJC, STV, L.P. and Rainwater Partners. The
Saudi-based Retail enablement company Zid has raised USD50 million in Series B funding round (~188 million SAR). The round was led by IMPACT46 with participation from investors including Aramco venture capital arm (Waed Ventures) and Endeavour
Africa-focused investment firm Development Partners International (“DPI”) sold its 34% minority stake in consumer electronics and household appliances retailer B.TECH to Saudi Egyptian Investment Company (“SEIC”), The Saudi Public Investment Fund (“PIF”)’
