Fintech startup Blnk has raised USD23.7 million in equity and debt funding, and USD8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers. The combined pre-seed and […]
At the Principe di Savoia Hotel in Milan, the Foodcommunity Awards 2022 honoured chefs, formats, concepts, restaurants and brands in the food & beverage sector that have distinguished themselves over the past year for business growth.
Healthcare, Pharma & Life Sciences
IPOs
Other
Asafo & Co. advises in Moroccan private hospital group Akdital’s IPO
Asafo & Co. is advising Akdital in its IPO on the Casablanca Stock Exchange. The offering will take place through a capital increase and a share sale. Valued at 1.2 billion dirhams (US$ 110 million),
Capital Markets
IPOs
Saudi Arabia
TMT
Saudi-based 2P Initial Public Offering on Tadawul. The advisors
Global law firm White & Case and The Law Office of Megren M. Al-Shaalan have advised Perfect Presentation for Commercial Services Company (“2P”), provider of artificial intelligence and technology solutions, on its initial public offering (“
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the
Banking & Finance
Saudi Arabia
Transport
Neom invests USD 175M in Urban Air Mobility Company Volocopter
Neom, the smart and sustainable regional development project in northwest Saudi Arabia, has made a USD 175 million Series E investment in Volocopter, the pioneer of Urban Air Mobility. Neom will take a significant equity stake
Deal & transactions
Industrial
Other
Caterpillar West Africa distribution transfered to Jean-Luc Konan
Delmas Investissements et Participations (“DIP”) and the Delmas family have signed a transfer agreement for their Caterpillar dealership activity to a consortium conducted by Ivorian entrepreneur Jean-Luc Konan. Included in the sales is JA Delmas
News
Other
Real Estate, Construction & Infrastructure
ASAR advises on Mandarin Oriental, Kuwait luxury hotel project
ASAR acted as Kuwait legal counsel to Bukhamseen Group Holding (“BGH”) in relation to the development of BGH’s new luxury hotel project in Kuwait, to be known as “Mandarin Oriental, Kuwait”. The Mandarin
IPOs
Other
Real Estate, Construction & Infrastructure
Trowers & Hamlins advises on IPO of The Pearl REIF
The Pearl Real Estate Investment Fund (“The Pearl REIF”), the Oman-based Shariah-compliant real estate investment fund has successfully listed on the Muscat Stock Exchange (“MSX”) on 14 November 2022 under the ticker PRFD. The Pearl REIF has
Deal & transactions
Transport
United Arab Emirates
Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November. Sky Fund I owns and is
