Spinneys Holding (‘Spinneys’ or ‘the company’) has revealed its intention to launch an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM). The company disclosed that it will offer 900,000,000 shares, each valued at AED0.01, representing 25% of its total issued share capital. These shares, held by Al Seer Group […]
Capital Markets
Food & Beverage
United Arab Emirates
Invictus Investment Acquires Majority Stake in Morocco’s Graderco
Invictus Investment Company has finalised the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, marking a significant move in the agro-food sector. The acquisition, after securing all necessary regulatory approvals, underscores
Deal & transactions
Food & Beverage
Saudi Arabia
Green Corp Expands Portfolio with Acquisition of Emad Bakeries
Green Corp has announced the acquisition of Emad Bakeries, a prominent industrial bakery based in Jeddah, in a strategic move aimed at bolstering its foothold in the Saudi food processing sector. This acquisition marks a
Saudi-based milling and nutrition company, Modern Mills Company (MMC) has successfully debuted on the main market of the Saudi Exchange (Tadawul) with the guidance of global law firm Baker McKenzie. The Initial Public Offering (IPO),
With Group General Counsel Spyros Zampelis (pictured) at the helm of its legal department, Almarai Company, one of the Middle East’s largest dairy company, has announced its comprehensive investment strategy for the upcoming
Deal & transactions
Egypt
Food & Beverage
Al Kamel Law Firm Advises MIZUHA in Egyptian Water Project
Egypt takes a significant leap towards water sustainability with the announcement of a partnership agreement between the Ministry of Military Production of the Arab Republic of Egypt (MOMP) and Japanese firm MIZUHA Co., Ltd. The
Deal & transactions
Food & Beverage
United Arab Emirates
Majid Al Futtaim and Dubai Municipality Team Up for Food
Dubai Municipality and Majid Al Futtaim – Retail have joined forces in a strategic partnership aimed at ensuring the sustainable provision of essential food commodities in Dubai’s local markets. Majid Al Futtaim – Retail, the exclusive
Capital Markets
Egypt
Food & Beverage
Saudi Arabia
EFG Hermes Facilitates Kazyon’s Landmark Acquisition of Dukan
EFG Hermes announced the successful conclusion of a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon acquired a 50% stake in Dukan, the sole discount retailer
Capital Markets
Food & Beverage
Saudi Arabia
Baker Botts: Tamimi Markets Acquires Al Raya Supermarket Chain
Tamimi Markets Company (“Tamimi”), a prominent Saudi family-owned supermarket business, has successfully acquired 100% of Al Raya For Food Stuffs Company (“Al Raya”), a major supermarket chain operating in the Western region of Saudi Arabia.
Riad & Riad has achieved success in defending a multinational food manufacturing company against food safety prosecutions, which included allegations of breaching Food Control Law, Fraud Combating Law, and National Food Safety regulations. The case
