The Capital Market Authority (CMA) has granted its approval for the registration and initial public offering (IPO) of shares of Dr. Soliman Abdul Kader Fakeeh Hospital Company. This decision, made by the CMA Board on 17/09/1445H corresponding to 27/03/2024G, marks a significant milestone for the renowned healthcare institution. The approval entails the offering of 49,800,000 […]
Corporate
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ Launches Arcera: Driving Healthcare Evolution
ADQ, the prominent Abu Dhabi-based investment and holding company, has introduced Arcera, a new global holding company headquartered in Abu Dhabi, UAE, dedicated to the life sciences sector. Arcera aims to pioneer advancements in healthcare,
Banking & Finance
Deal & transactions
TMT
United Arab Emirates
FAB & Microsoft Join Forces for Next-Gen Financial Services
First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s
In a tumultuous economic landscape marked by geopolitical tensions and oil production cuts, PwC’s latest ‘Middle Economy Watch – April 2024’ report has offered illuminating insights into the resilience of the Middle East economy. Despite facing
HFW, a specialized international law firm, provided counsel to Al Seer Marine and BGN on the financing arrangements for the construction of three Very Large Gas Carriers (VLGCs) in Korea and Japan. The AED863 million
International law firm, Dentons has provided legal counsel to Overseas Development Holding Company, a Bahrain-based entity and part of the GES Group, in the strategic sale of a significant majority stake in Overseas Development Company
In a significant development in the energy sector, the Oil & Gas team at Sharkawy & Sarhan has successfully served as the Egyptian legal counsel in the sale of the Neptune Energy Group to Eni
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
AD Ports Group and Archireef Deploy Eco Sea Wall Panels
AD Ports Group and Archireef have partnered to introduce Eco Sea Wall Panels along the shorelines of Saadiyat Island and Al Aliah in Abu Dhabi. These panels are made from natural materials such as oyster
Matouk Bassiouny & Hennawy (MBH) provided legal counsel to AlArafa for Investments and Consultancies (Al-Arafa) in its demerger, resulting in the formation of Concrete Fashion Group for Commercial and Industrial Investment (Concrete Fashion Group) and
Saudi-based milling and nutrition company, Modern Mills Company (MMC) has successfully debuted on the main market of the Saudi Exchange (Tadawul) with the guidance of global law firm Baker McKenzie. The Initial Public Offering (IPO),
