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 in Egypt and Jordan. In a deal worth 255 million Saudi riyals ($68 million), Almarai purchased PepsiCo’s 48% share in […]
The National Telecom Regulatory Authority (NTRA) has accepted Telecom Egypt’s financial and technical offer to obtain an additional 5MHz of spectrum in the 1800MHz band using FDD technology. The 10-year spectrum allocation was competitively
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Cms advises Aldar Properties on its partnership with Dubai Holding
International law firm CMS has advised Aldar Properties (“Aldar”) on its joint venture with Dubai Holding to develop three new residential communities in Dubai consisting of over 9,000 residential units. The agreement marks Aldar’s
Appointments
Real Estate, Construction & Infrastructure
United Arab Emirates
Waleed Shalaby named group head of legal for MOBH Group
Waleed Shalaby (pictured) has been appointed as group head of legal at Mohammad Omar Bin Haider Holding Group (“MOBH Group”), in what is his first role as an in-house counsel. Shalaby brings a wealth of
Saint-Gobain, through its Chryso business, has completed the acquisition of IDP Chemicals in Egypt. IDP Chemicals is focused on the buoyant building and infrastructure markets in Egypt, which should see strong growth for the
Deal & transactions
Egypt
Transport
ZH&P advises Global Auto in establishing a JV with Contact Financial
Global Auto, the official and authorised distributor of BMW and MINI in Egypt, in entering into a joint venture and operating agreements with Contact Financial Holding to provide consumer financial services to end clients. This
Baker McKenzie Switzerland, in conjunction with legal representatives from London, Madrid, Rome and Riyadh offices of Baker McKenzie, provided counsel to Enagás and Fluxys for the purchase of additional shares in Trans Adriatic Pipeline (“
Deal & transactions
TMT
United Arab Emirates
Zero&One signs a strategic collaboration agreement with AWS
Zero&One has recently signed a long-term regional partnership agreement with Amazon Web Services (“AWS”) to further their commitment to supporting clients across the MENA region in their transition to the cloud.
Banking & Finance
Egypt
Healthcare, Pharma & Life Sciences
B Investments and TSFE invest in Egypt’s healthcare sector
The Sovereign Fund of Egypt (“TSFE”) through its healthcare and pharmaceutical industries Subfund (“TSFE Healthcare & Pharma Subfund”) and B Investments Holding (“B Investments”), BPE Partners’ flagship investment vehicle, have signed an agreement to
Eni CEO, Claudio Descalzi, and National Oil Corporation of Libya (‘NOC’) CEO, Farhat Bengdara, have come together to launch “Structures A&E,” a major gas development project in Libya. The aim is to boost
