Global law firm Norton Rose Fulbright has successfully advised Dar Global, a Dubai-based real estate development company, on its direct listing on the London Stock Exchange. The listing was achieved through a complex corporate reorganisation of the international assets of the Dar Al Arkan group, one of the largest listed real estate developers in Saudi […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Cms advises Aldar Properties on its partnership with Dubai Holding
International law firm CMS has advised Aldar Properties (“Aldar”) on its joint venture with Dubai Holding to develop three new residential communities in Dubai consisting of over 9,000 residential units. The agreement marks Aldar’s
Appointments
Real Estate, Construction & Infrastructure
United Arab Emirates
Waleed Shalaby named group head of legal for MOBH Group
Waleed Shalaby (pictured) has been appointed as group head of legal at Mohammad Omar Bin Haider Holding Group (“MOBH Group”), in what is his first role as an in-house counsel. Shalaby brings a wealth of
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
ALEC Engineering and Contracting acquires Target Engineering
ALEC Engineering and Contracting, part of the Investment Corporation of Dubai (ICD) group, has successfully completed its strategic acquisition of Target Engineering, an EPC contractor offering in-house services for major construction disciplines in onshore and
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises on Aldar Properties’ partnership with Nobu Hospitality
International law firm CMS has advised UAE’s real estate developers and managers Aldar Properties (“Aldar”) on its exclusive partnership with Nobu Hospitality to develop a new luxury hotel, branded residences, and a fine dining
Deal & transactions
Real Estate, Construction & Infrastructure
Services
United Arab Emirates
AD Ports Group: Kezad Communities merges with Al Eskan AlJamae
AD Ports Group has announced the merger of Kezad Communities with Al Eskan Al Jamae (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling
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
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuance
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
