Ashurst, the official legal services partner to the McLaren Group, has advised McLaren Group Limited on its capital reorganisation. This significant milestone underscores the ongoing transformation journey of the luxury automotive and elite motorsports group. Under the reorganisation, Bahrain Mumtalakat Holding Company, a long-term strategic investor and the sovereign wealth fund of the Kingdom […]
Banking & Finance
Transport
United Arab Emirates
Dubai Aerospace Enterprise Secures US$420 Million Loan
Dubai Aerospace Enterprise Ltd (DAE) has inked a significant deal, signing a US$420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB). This loan is
Banking & Finance
Transport
United Arab Emirates
Moove Secures $100 Million in Series B Funding Round
Moove, the global mobility fintech dedicated to democratizing vehicle ownership for mobility entrepreneurs, has announced a significant achievement today with the closure of a $100 million Series B funding round. The investment, led by Mubadala Investment
Capital Markets
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
Transport
United Arab Emirates
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
Deal & transactions
Transport
United Arab Emirates
Eversheds Sutherland Guides Joby’s Dubai Air Taxi Launch
Global law firm Eversheds Sutherland advised California-based Joby Aviation in its definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with initial operations targeted
Parkin Company, the leading provider of paid parking facilities and services in Dubai, has revealed plans to embark on an initial public offering (IPO) and subsequently list its ordinary shares (Shares) on the Dubai Financial
Capital Markets
Industrial
Saudi Arabia
Services
Transport
K&A guides a complicated private share swap transaction
In a significant development in the car leasing industry, Khoshaim & Associates (K&A) has successfully advised the Saudi Economic and Development Holding Company (SEDCO) on a complex private share swap transaction. The agreement,
Macquarie AirFinance, a prominent provider of aircraft leasing and financing solutions, has entred into an agreement to acquire an additional portfolio of 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance Company (“ALAFCO”) for approximately $US1.1
Deal & transactions
Transport
United Arab Emirates
EDGE Group & Fincantieri Forge Multi-Billion Euro Naval Venture
UAE’s EDGE Group and Italian shipbuilder Fincantieri have launched a Multi-Billion Euro Joint Venture, aiming to establish a UAE-based naval manufacturing pipeline worth an estimated 30 billion euros. EDGE, an advanced technology and defence group,
KN&P served as legal advisor to Anaam International Holding Group (“Anaam Group”) on its SAR 236.25 million capital increase through a rights issue. This bolstered Anaam’s capital from SAR 315 million to
