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. The acquisition is a strategic move in line with Tamimi’s national growth strategy, enhancing its presence and market position in […]
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Neom and MDLBEAST to Launch Luxurious Sindalah Beach Club
In a groundbreaking collaboration, Neom, the futuristic Saudi Arabian city project, has joined forces with Mdlbeast, a prominent Saudi music entertainment company, to introduce an exclusive beach club experience on Neom’s luxury island, Sindalah.
The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import
Deal & transactions
Saudi Arabia
Transport
Stadler Inks CHF600 Million Major Deal with Saudi Arabia Railways
Stadler, a Swiss company specializing in providing mobility solutions for railway transportation, has finalized a significant agreement with the Saudi national railway company, Saudi Arabia Railways (SAR). The agreement, valued at approximately 600 million Swiss francs,
Amethis MENA Fund II finalizes its fifth transaction by acquiring a minority stake in BBI, a renowned data management consultancy firm operating in the MENA region since 2009. BBI specializes in assisting clients across MENA in
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar Ventures into European Real Estate Market with Carlyle
Under the legal guidance of General Counsel Emma O’Brien (pictured), Aldar Properties (“Aldar”) has added further weight to its international expansion plan with an AED 407 million (USD 111 million) investment in logistics and storage assets
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
KAFD DMC Accelerates Development Through Key Collaborations
At the recent Public Investment Fund’s (PIF) Private Sector Forum, The King Abdullah Financial District Development and Management Company (KAFD DMC) unveiled a series of groundbreaking partnerships and collaborations under the guidance of Chief
Pinsent Masons Vario has unveiled its presence in the Middle East, launching its flexible services business from the firm’s Dubai office. This expansion marks a strategic move to enhance the firm’s professional and
OGH Legal assisted Flex Group in the establishment of a new legal entity, Flex Asepto Egypt, a top manufacturer of packaging products. The process involved collaboration with the General Authority for Suez Canal Economic Zone (“
Capital Markets
Deal & transactions
Energy & Trading
Industrial
Oil & Gas
Saudi Arabia
TMT
Baker Hughes and Dussur Inaugurate Joint Venture in Saudi Arabia
Baker Hughes, a leading energy technology company, and Dussur, a consortium owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco, and SABIC (Saudi Basic Industries Corporation), announced the official inauguration of their joint
