Shalakany has successfully represented their client, a major international hotel management company, in settling a claim worth more than USD 40 Million arising out of the hotel management agreement of one of the hotels in Egypt. Shalakany has successfully acted for their client in concluding an amicable settlement agreement with the hotel owner. After initiating a […]
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
At Lease closes EGP 1.6 bn in securitized bond issuance.
Shari’ah-compliant leasing company AT Lease has closed its third securitized bond issuance worth EGP 1.6 bn The proceeds from the securitization process will be used to enhance the company’s financial position as well as
Egyptian Belgian Co. for Industrial Investments (“Egybelg”) has sold some of its assets to Savola Foods Limited, a subsidiary of the Saudi-listed Savola Group, a strategic investment holding company with focus on the food and
Banking & Finance
Transport
United Arab Emirates
Al Seer Marine completes a USD 135 million financing. The advisors
Al Seer Marine, a global player in several maritime sectors and a subsidiary of International Holding Company, has closed a financing transaction of USD135 million for the construction of its two very large LNG carriers.
Banking & Finance
Food & Beverage
Saudi Arabia
Allen & Overy advises Prosus on its Series C investment
Allen & Overy has advised Prosus, a global technology investors, as lead investor on a USD170 million Series C funding round by Foodics, a cloud-based technology and payment platform for restaurants in the MENA region.
Deal & transactions
Industrial
United Arab Emirates
CMS advises Aldar investment on the launch of Aldar Logistics
Aldar Investment, the investment business of Aldar Properties, has acquired a 70% equity interest in Abu Dhabi Business Hub, valued at more than AED 500 million. The acquisition sees the creation of Aldar Logistics,
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Freshfields in Hayfin’s investment in the Imperial Avenue real estate
Asset management firms, Hayfin, has invested in the Imperial Avenue real estate project located in Downtown Dubai, UAE. The project is being developed by Shapoorji Pallonji International Real Estate Development (SPIPD), the development
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
SIDC and Al Ahly Capital to develop a new Industrial
Suez Industrial Development Company (SIDC), a majority-owned subsidiary of Orascom Construction, has signed an agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt, to jointly develop a 2.2 million
On 01 March 2021, the Litigation team of Shehata & Partners, led by partner Mohamed Osama Abdelwahab (pictured), in conjunction with the Italian law firm Pavia e Ansaldo were able to push for a
Deal & transactions
Egypt
Industrial
Other
Saudi Arabia
Dentons: Volkswagen’s Cariad acquires Intenta’s automotive business
Global law firm Dentons has provided comprehensive antitrust advice to Cariad, the software division of the Volkswagen Group, in relation to its acquisition of the automotive business of Intenta. With the acquisition, Cariad is expanding
