A major deal has been finalized between ADQ, an investment and holding company based in Abu Dhabi, and ADNEC Group, to buy a 40.5% share in the hospitality division of Talaat Moustafa Group Holding (TMG Holding), known as ICON Group. This strategic move involves a capital increase and aims to boost the development of Egypt’s […]
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
ALC on EFG Hermes-Palm Hills EGP 421M Bond Issuance
With ALC-Alieldean Weshahi & Partners acting as the transaction’s legal advisor, EFG Hermes, an investment bank in Frontier and Emerging Markets (FEM) operating under EFG Holding, and Palm Hills Developments (PHD), a premier real
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie in Anantara The Palm Dubai Resort Acquisition
Global law firm Baker McKenzie has offered legal guidance in the acquisition of Anantara The Palm Dubai Resort, situated on the renowned Palm Jumeirah island in Dubai, UAE. The transaction encompassed the acquisition of both
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie in Aldar’s landmark European Real Estate Venture
Under the legal guidance of international law firm Baker McKenzie, Aldar Properties (“Aldar”), a prominent real estate developer, investor, and manager based in Abu Dhabi, has successfully completed a AED 400 million investment in two European
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
White & Case on SRC’s SAR 3.5 bil dual-tranche guaranteed
Global law firm White & Case has advised Saudi Real Estate Refinance Company (SRC) on the issuance of SAR 3.5 billion dual-tranche sukuk guaranteed by the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises Aldar Properties in London Square Acquisition
International law firm CMS has offered comprehensive legal counsel to Aldar Properties (Aldar), a prominent real estate developer, investor, and manager based in the UAE, in its acquisition of London Square Developments for an enterprise
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
The Dubai Real Estate Court’s UniqueRuling
The Dubai Real Estate Court recently issued a unique judgment, establishing the developer’s right to combine the stipulated compensation stated under the contract, along with loss of profits due to a decrease in the
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
TSFE and Tanweer Unite for Cosmic Village School Development
Under the legal guidance of ADSERO, The Sovereign Fund of Egypt (TSFE) has entered into a strategic partnership with Tanweer for Educational Services, marking a significant step in the development of the fifth school in
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
MBH: Hassan Allam secures USD 200M Afreximbank Facility
Matouk Bassiouny & Hennawy (‘MBH’) has provided legal counsel to Hassan Allam Construction and its affiliated entities within the Hassan Allam Group on a USD 200 million facility extended by the African Export-Import Bank (Afreximbank). This
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie on Nuran Marina’s AED 133 mil Acquisition
Global legal powerhouse Baker McKenzie has successfully advised FIM Prime Marina Holding Ltd on the Sharia-compliant financing for its acquisition of the prestigious Nuran Marina serviced residences in Dubai Marina. The transaction, valued at AED 133
