Giza Systems, a prominent technology solutions provider, has successfully secured financing totaling USD 84 million for a Murabaha facility and EGP 2.82 billion for a Mudharaba facility. These funds are structured to support the expansion initiatives of Giza Systems and VAS Integrated Solutions, both subsidiaries of stc. The financing facilities were made available through a […]
Deal & transactions
Transport
United Arab Emirates
EDGE Group & Fincantieri Forge Multi-Billion Euro Naval Venture
UAE’s EDGE Group and Italian shipbuilder Fincantieri have launched a Multi-Billion Euro Joint Venture, aiming to establish a UAE-based naval manufacturing pipeline worth an estimated 30 billion euros. EDGE, an advanced technology and defence group,
Deal & transactions
Other
Real Estate, Construction & Infrastructure
TMT
DAMAC’s Edgnex and Vodafone to Build $100M Data Center in
DAMAC Properties is making significant strides in digital infrastructure investment. Teaming up with British telecoms operator Vodafone, Edgnex Data Centres by DAMAC is embarking on a groundbreaking venture worth $100 million to establish a new data
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Binghatti Holding Readies Inaugural US Dollar Sukuk Launch
Binghatti Holding, a prominent Emirati property development company headquartered in Dubai, is on the verge of a significant financial milestone with the impending launch of its inaugural US Dollar Sukuk. With the legal team spearheaded
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
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Bloom Holding Unveils Seville: Fifth Phase of Bloom Living
Under the legal guidance of General Counsel Giovanni Carpenzano (pictured), Bloom Holding, a prominent real estate development company in the UAE, has unveiled ‘Seville,’ the fifth phase of its integrated community, Bloom Living, in Abu
With Mike Sosso (pictured), BP’s EVP Legal at the helm, the global company is set to make substantial investments in Egypt’s development and exploration activities, with plans to inject USD1.5 billion into the
KN&P served as legal advisor to Anaam International Holding Group (“Anaam Group”) on its SAR 236.25 million capital increase through a rights issue. This bolstered Anaam’s capital from SAR 315 million to
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Addleshaw Goddard Guides Hwadi in Cloud 7 Hotel Project
Kerten Hospitality, in partnership with Hwadi, has unveiled plans for the groundbreaking Cloud 7 Hotel project in Al Ahsa, Saudi Arabia. The project, a key component of Kerten Hospitality’s ambitious expansion in the country, is
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
