Equatorial Coca-Cola Bottling Company (“ECCBC”), a bottler of The Coca-Cola Company in North and West Africa, has reached an agreement, through its Moroccan subsidiaries, to acquire the bottler of Coca-Cola in the northern and eastern regions of Morocco, Atlas Bottling Company, with its majority shareholder Diana Holding and certain minority shareholders. This transaction is in […]
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution
Deal & transactions
Saudi Arabia
TMT
Linklaters advises Zain Saudi Arabia on the sale of telecoms towers
Zain Saudi Arabia (“Zain KSA”) has successfully completed the sale and leaseback of its entire portfolio of 8,069 telecoms towers in Saudi Arabia to investors led by the Public Investment Fund of Saudi Arabia (“PIF”). The
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022,
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance with Aldar Properties on a USD400m investment deal
Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. The USD 400
Helmy Hamza & Partners, Baker McKenzie Cairo office, has advised the National Egyptian Railway Industries Company (“NERIC”) on its first offtake and supply agreement with Hyundai Rotem, the South Korean heavy industry company and the
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion
Abu Dhabi National Oil Company (“ADNOC”) has awarded a contract worth USD1.53 billion (AED5.62 billion) to Adnoc Drilling to support the expansion of Adnoc’s offshore operations and crude oil production capacity to five million
Africa-focused investment firm Development Partners International (“DPI”) sold its 34% minority stake in consumer electronics and household appliances retailer B.TECH to Saudi Egyptian Investment Company (“SEIC”), The Saudi Public Investment Fund (“PIF”)’
Arabian Internet and Telecommunication Company, Solutions by Stc, an enabler of digital transformation in the Kingdom of Saudi Arabia, has completed the acquisition of a majority stake (88.19%) of Giza Systems with an enterprise value worth
Healthcare, Pharma & Life Sciences
IPOs
United Arab Emirates
Burjeel Holdings opens subscription period for IPO in UAE
Burjeel Holdings has announced the offer price range and the opening of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period
