Abu Dhabi National Insurance Company (ADNIC) has successfully acquired a 51 percent stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia. This strategic move positions ADNIC as a prominent Tier-1 insurer in Saudi Arabia, bolstering its status as a key player in the Gulf region’s insurance landscape. ADNIC’s expansion aligns with its overarching […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Smart Urban Living: Aldar-Siemens Initiative at Saadiyat Grove
Aldar Properties and Siemens join forces to transform Saadiyat Grove into a global smart living exemplar. Using Siemens’ Xcelerator portfolio and Building X platform, Aldar will introduce the UAE’s first cloud-based smart district management
Deal & transactions
Transport
United Arab Emirates
Freshfields Guides DP World in Seafreight Business Deal
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising in DP World’s latest move within the global supply chain landscape. Freshfields is advising DP World, the renowned company in global supply chain solutions headquartered
Deal & transactions
Industrial
United Arab Emirates
Masdar, EGA Join Forces for Low-Carbon Aluminium Solutions
Abu Dhabi Future Energy Company (Masdar) and Emirates Global Aluminium (EGA) have embarked on a strategic partnership aimed at advancing aluminium decarbonisation efforts and exploring avenues for low-carbon growth. The collaboration, solidified with the
International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Updates
MBH Advises on Rixos Premium Alamein Hotel Agreement
Matouk Bassiouny & Hennawy (MBH) has successfully acted as the legal counsel for the owning company in negotiating and concluding the management agreement with Rixos, a part of Accor’s portfolio, one of the world’
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Capital Markets
Healthcare, Pharma & Life Sciences
Other
Farj Capital Consortium Secures Majority Stake in Aster DM
ASAR – Al Ruwayeh & Partners acted as local legal counsel alongside Allen & Overy as lead counsel, in facilitating the acquisition of a 65% stake in Aster DM Healthcare FZC, the holding company overseeing Aster DM
Spinneys Holding (‘Spinneys’ or ‘the company’) has revealed its intention to launch an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM). The company disclosed that it
Banking & Finance
TMT
United Arab Emirates
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
