Clifford Chance has provided counsel to the Moopen Family, founders of Aster DM Healthcare, in a strategic move to separate the Indian and Gulf Cooperation Council (GCC) businesses of Aster DM Healthcare. This transformative restructuring includes the majority sale of Aster’s Gulf business to a consortium led by Fajr Capital, a UAE-based sovereign-owned private equity […]
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
A&O: Fajr Capital buys into Aster DM Healthcare’s GCC business
A consortium led by Fajr Capital, guided by Allen & Overy, is set to acquire a 65% stake in Aster DM Healthcare, specifically its GCC business. Aster DM Healthcare’s board of directors has approved the
The Saudi Data and Artificial Intelligence Authority (SDAIA) has recently unveiled the second iteration of its AI Ethics Principles (AI Principles 2.0). This marks a significant step in establishing a principle-based ethical framework for the development
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
White & Case on SRC’s SAR 3.5 bil dual-tranche guaranteed
Global law firm White & Case has advised Saudi Real Estate Refinance Company (SRC) on the issuance of SAR 3.5 billion dual-tranche sukuk guaranteed by the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk
Capital Markets
Fashion, Luxury & Design
United Arab Emirates
King & Spalding: Aydın Group sells Major Stake to DIB
King & Spalding provided legal guidance to Aydın Group in the sale of a 20% minority stake in the T.O.M. Group to Dubai Islamic Bank (DIB). This transaction includes an option for DIB
Deal & transactions
Fashion, Luxury & Design
Saudi Arabia
Clyde & Co: Cenomi Retail sells franchise rights for SAR
Global law firm Clyde & Co has provided legal counsel to Cenomi Retail, a leading Saudi-listed company, in the SAR 120 million transaction involving the sale of its franchise rights and associated assets for 18 prominent brands
Roads & Transport Authority (RTA) and Dubai Taxi Company (Dubai Taxi) have successfully executed the initial public offering (IPO) and subsequent listing of Dubai Taxi on the Dubai Financial Market (DFM). This development is part
Author: Amr Reda Abdullatif , LL.M Eni, an Italian energy giant, has been operating in Egypt since 1954 and is the leading producer of hydrocarbons in the country. Eni’s most notable discovery was the Zohr
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises Aldar Properties in London Square Acquisition
International law firm CMS has offered comprehensive legal counsel to Aldar Properties (Aldar), a prominent real estate developer, investor, and manager based in the UAE, in its acquisition of London Square Developments for an enterprise
Appointments
Healthcare, Pharma & Life Sciences
Other
Sandoz Appoints Andrea Ferrari to Global Legal Role
In a recent LinkedIn announcement, Andrea Ferrari (pictured) revealed his new role as the Global Head of Compliance and Corporate Legal at Sandoz, marking a significant milestone in his career. The move comes after the
