Global healthcare company GlaxoSmithKline Services Unlimited (“GSK Group”) has completed the demerger of its consumer healthcare business to form global consumer healthcare company Haleon Group. The transaction was valued at GBP 55 million (approximately USD 63.8 million). The separation of the Consumer Healthcare project was completed on 18 July 2022. Helmy Hamza & Partners, Baker McKenzie‘s Cairo […]
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Noon to acquire Emaar’s fashion venture Namshi for AED 1.23B
Emaar Malls Management (“Emaar Malls”) has entered into a definitive share purchase agreement with Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (“PIF”),&
Deal & transactions
Industrial
Saudi Arabia
MAZ Group and Rheinmetall Air Defense create Rad Arabia Co.
The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins has represented Saudi-based MAZ Group in its Joint Venture with Swiss-based Rheinmetall Defense to create Rad Arabia Co., a manufacturing and development
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Al Tamimi & Company with Peninsula on a AED555m assets deal
Peninsula Real Estate Management Limited (“Peninsula”), a real estate investment company incorporated in Abu Dhabi Global Market, has agreed to purchase for an amount of AED 555 million 17 leased warehouse buildings situated on five plots at
French container transportation and shipping company CMA CGM Group via its subsidiary CMA Terminals Holding has signed a definitive terminal service agreement and a terminal operating agreement for Alexandria’s Port’s Trans Misr
Proger and its Egyptian subsidiary Proger Egypt have signed a contract for the turnkey design and construction of a 63,000 square meters building complex for Belayim Petroleum Company’s (“Petrobel”) headquarters in Cairo. Proger Egypt
Deal & transactions
Transport
United Arab Emirates
Zakher Marine International successfully acquired by ADNOC L&S
Zakher Marine International (“ZMI”), an Abu Dhabi-based owner and operator of offshore support vessels, has been acquired by ADNOC Logistics & Services (“ADNOC L&S”), the shipping and maritime logistics arm of Abu Dhabi
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar Properties acquires RAK based property for AED810m
Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan
Deal & transactions
Healthcare, Pharma & Life Sciences
Other
Pharmaceutical Institute (PHI) completes acquisition by Kelix Bio
KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”). This investment marks KELIX bio’s first entry into Morocco – an important market in the company’
