Habib Al Mulla with Orascom in RAK sale

Habib Al Mulla and Partners advised Orascom Development Holding (“ODH”), which has successfully entered into a binding share purchase agreement for the sale of RAK Tourism Investment FZC (“RAK”) to Cove Holdings Limited, fully owned by prominent UAE investor Saqr Kamal Hasan (SKH) for a total enterprise value of USD 40 million.

Habib Al Mulla’s team

The team comprised partner Gerry Rogers , counsel Kamel Elshendidy and senior associate Paula Villegas (all pictured below).

Gerry Rogers (on the left) , Kamel Elshendidy (at the center) Paula Villegas (on the right)

Orascom Development is an international developer specializing in vibrant, integrated communities in Europe, the Middle East, and North Africa. Its hospitality portfolio includes 33 premium and luxury hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa