Hutchison Ports, a renowned port investor, developer, and operator, has been advised by global law firm Baker McKenzie on two new concessions in Egypt, in addition to related shareholding arrangements. The investment, which amounts to approximately USD 700 million, will include the development of a new container terminal in Ain Sokhna Port, with a 1.7 […]
Dubai-based National Paints Holding (‘NPH’) has raised its mandatory tender offer’s (MTO) price for Paints and Chemical Industries (‘Pachin’) to EGP 34 per share, upping it from its initial November offer of EGP 29
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Hasan Allam Utilities, the investment and development arm of Hassan Allam Holding, in its joint venture with Agility, the industrial development specialist, to establish
Zaki Hashem & Partners (ZH&P), Attorneys at Law, has acted as the legal advisor to Alexandria Port Authority in connection with the concession agreement of B100, a new container terminal at El Dekheila
Deal & transactions
Saudi Arabia
TMT
United Arab Emirates
DLA Piper: Zain Group ventures into E-Sports and Cloud Services
ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, advised by DLA Piper Middle East, has entered into a USD45 million agreement for the complete acquisition of BIOS Middle East, a regional managed
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie and CMS on Aldar acquisition of Nurai Island
International law firms Baker McKenzie and CMS have advised on the sale of Nurai Island, an ultra-luxury boutique private island resort off the coast of Abu Dhabi, to Aldar Properties (“Aldar”), a major real estate
Al Tamimi & Company has advised ADNOC Gas, a large-scale integrated gas processing company, on its initial public offering (IPO) raising approximately AED 9.1 billion (equivalent to approximately USD2.5 billion) which represents the largest-ever listing on
Deal & transactions
E-Commerce
Saudi Arabia
A&O: Aljazira Capital invests in Floward Pre-IPO investment round
Aljazira Capital (‘AJC’) has led Floward’s USD 156 million Series C Pre-IPO investment round with the support of Allen & Overy. The investment round was led by AJC, STV, L.P. and Rainwater Partners. The
Deal & transactions
Food & Beverage
United Arab Emirates
Baker McKenzie with Kitopi on the acquisition of AWJ Investments
Kitopi, the tech-powered multi-brand restaurant, has completed its acquisition of AWJ Investments, a rapidly-growing food and beverage company based in Dubai that operates several major regional brands. The acquisition will bolster Kitopi’s already-impressive
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’)
