CMS advised Oman Broadband Company on a major new financing deal using a hybrid facility in a deal worth USD 445 million. . Mandated by the Government to build and develop a broadband structure to address low levels of coverage in parts of the Sultanate, Oman Broadband has agreed this major loan facility over a 16-year term. This […]
Dreny & Partners has acted as legal counsel for telecommunication company, Vodacom in its acquisition of a 55% stake in telecom network operator Vodafone Egypt for an equity consideration of circa USD2.738 billion. The
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises on Aldar Properties’ partnership with Nobu Hospitality
International law firm CMS has advised UAE’s real estate developers and managers Aldar Properties (“Aldar”) on its exclusive partnership with Nobu Hospitality to develop a new luxury hotel, branded residences, and a fine dining
Food & Beverage
IPOs
Saudi Arabia
United Arab Emirates
Americana Restaurants USD1.8bn dual listing on ADX and Tadawul
Americana Restaurants has successfully completed its landmark initial public offering (IPO) and first ever dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (“Tadawul”). The institutional investor tranche, which
Kuwait-based law firm, Meysan Partners, has represented a consortium comprised of Ali Alghanim Sons Automotive Company, Mohamed Yousuf Naghi Motors Company, Organi Group, and Al Safy Automotive Company in their successful acquisition of 100% of Mid-East
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC signs contracts worth AED1bn with four catering companies
Abu Dhabi National Oil Company (“ADNOC”) has signed agreements worth over AED 1 billion (USD270 mln) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027. The contracts
Deal & transactions
Real Estate, Construction & Infrastructure
Services
United Arab Emirates
AD Ports Group: Kezad Communities merges with Al Eskan AlJamae
AD Ports Group has announced the merger of Kezad Communities with Al Eskan Al Jamae (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling
BMW Group, premium manufacturer of luxurious, sporty, and electric automobiles, has appointed Global Auto Group as the new importer of BMW and MINI in Egypt. Zaki Hashem & Partners (“ZH&P”) acted as
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, partner DSV Global Transport and Logistics has become the carrier’s first partner to purchase sustainable aviation fuel (“SAF”) to offset the carbon emissions
Deal & transactions
Transport
United Arab Emirates
A&O with Abu Dhabi Ports Group on the acquisition of
Abu Dhabi Ports Group has acquired Spanish logistics firm Noatum for AED2.5 billion (USD681 million). The investment in Noatum, will significantly extend AD Group’s global connectivity to create a market-leading international logistics brand.
