Arada Developments (‘Arada’), a major property developer in the Northern Emirates of the UAE, has completed its successful second tap issuance of USD 50 million sukuk with the assistance of Dentons. The transaction was successfully completed on 16 February 2023 with Mashreqbank, acting through its Islamic Banking Division, acting as the sole manager of the issuance, […]
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
MNHD closes Securitization transaction amounting to EGP 805.5m
Dreny & Partners has played a key role in the successful completion of Madinet Nasr for Housing & Development’s (MNHD) second securitized transaction, which amounted to EGP 805.5 million. This is part of a larger
Deal & transactions
Oil & Gas
United Arab Emirates
DLA Piper: Uniper sells marine fuel trading business in Dubai
DLA Piper provided legal advice to Uniper Group regarding the sale of its crude oil processing and marine fuel trading business in the United Arab Emirates. A consortium composed of Montfort Group and the Private
Capital Markets
Healthcare, Pharma & Life Sciences
Other
Asafo & Co.: MCP in strategic investment agreement with Laprophan
Asafo & Co. provided advisory services to Mediterrania Capital Partners (‘MCP’) as it spearheaded a consortium to execute a strategic investment agreement with Laprophan, a prominent pharmaceuticals entity in Morocco. MCP, a private equity firm
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Norton Rose advises Dar Global on London Stock Exchange listing
Global law firm Norton Rose Fulbright has successfully advised Dar Global, a Dubai-based real estate development company, on its direct listing on the London Stock Exchange. The listing was achieved through a complex corporate reorganisation
Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt&
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Sue Ellen Hassouna (pictured) has recently appointed by Lafarge Cement as its Chief Legal Officer. Hassouna brings with her more than 15 years of experience in the legal profession in Egypt. Prior to her appointment, she
Deal & transactions
Food & Beverage
Saudi Arabia
Almarai completes acquisition of International Dairy and Juice
Almarai Investment Holding, a unit of the largest dairy company in the Middle East, Saudi Arabia’s Almarai, has acquired full ownership of International Dairy and Juice Limited (IDJ), a former joint venture with PepsiCo
