Global law firm Clifford Chance has advised the joint lead managers for a significant sukuk issuance totalling US$500 million by Arabian Centres Company, also known as Cenomi Properties. Additionally, Clifford Chance advised the dealer managers in connection with a tender offer related to Arabian Centre’s US$500 million Trust Certificates due in 2024. This transaction facilitated […]
ADGM Announces New Incentive Initiative for Al Reem Island
Abu Dhabi Global Market (ADGM) has launched a new incentive initiative exclusively for established businesses on Al Reem Island operating within the non-financial and retail sectors. This strategic move is designed to support these businesses
King & Spalding Guides Franklin Templeton’s Saudi Entry
King & Spalding acted as counsel to Franklin Templeton in the initiation of its operations in Saudi Arabia. Establishing Franklin Templeton Financial Company in Riyadh, regulated by the Saudi Arabia Capital Market Authority, marks
Ashurst, the official legal services partner to the McLaren Group, has advised McLaren Group Limited on its capital reorganisation. This significant milestone underscores the ongoing transformation journey of the luxury automotive and elite motorsports group.
Dubai Aerospace Enterprise Secures US$420 Million Loan
Dubai Aerospace Enterprise Ltd (DAE) has inked a significant deal, signing a US$420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB). This loan is
ADIO: Tamatem Games Touches Down in Abu Dhabi
Abu Dhabi Investment Office (ADIO) is spearheading the advancement of Abu Dhabi’s gaming ecosystem by supporting Tamatem Games, a prominent Arabic mobile games publisher, in relocating its headquarters to the emirate. This strategic move
Sharjah Islamic Bank Pioneers $100M Islamic Facility with TWF
Sharjah Islamic Bank (SIB) has entered into a groundbreaking agreement with the Turkiye Wealth Fund (TWF), marking a significant milestone in Islamic finance. The agreement involves the provision of a Shariah-compliant Murabaha facility worth $100 million
Emarat Teams Up with Al Maryah for Station Naming Rights
Emirates General Petroleum Corporation (Emarat) has entered into a strategic partnership with Al Maryah Community Bank, granting them the prestigious opportunity to secure the first-ever naming rights for its fuel stations. Al
EGA to Acquire Recycled Aluminium Producer, Leichtmetall
Emirates Global Aluminium (EGA), a global aluminium producer, has announced the signing of a binding agreement to acquire Leichtmetall Aluminium Giesserei Hannover (Leichtmetall), a German aluminium recycling company. Leichtmetall is a European specialty foundry
Asafo & Co. Advises Adenia on Air Liquide Subsidiaries Purchase
In a strategic move to bolster its presence in Africa, Adenia Partners (Adenia), a prominent private equity firm focusing on sustainable investments, has finalised an agreement with Air Liquide, a supplier of industrial and medical