The Power and Water Utility Company for Jubail and Yanbu’s (“Marafiq”) has become a publicly traded company on the Saudi Stock Exchange (“Tadawul”). Marafiq raised SAR 3.36 billion (USD 897 million) through its initial public offering (“
Healthcare, Pharma & Life Sciences
IPOs
Other
Asafo & Co. advises in Moroccan private hospital group Akdital’s IPO
Asafo & Co. is advising Akdital in its IPO on the Casablanca Stock Exchange. The offering will take place through a capital increase and a share sale. Valued at 1.2 billion dirhams (US$ 110 million),
White & Case has promoted 26 lawyers to local partner and 14 lawyers to counsel. Six of the promoted local partners are based in Dubai and Riyadh. “Our local partner and counsel promotions span ten global practices
Capital Markets
IPOs
Saudi Arabia
TMT
Saudi-based 2P Initial Public Offering on Tadawul. The advisors
Global law firm White & Case and The Law Office of Megren M. Al-Shaalan have advised Perfect Presentation for Commercial Services Company (“2P”), provider of artificial intelligence and technology solutions, on its initial public offering (“
The first edition of Legalcommunity MENA Awards is fast approaching. The event will be taking place in Cario, at Hilton Cairo Heliopolis Hotel, on the 21st of December. The award ceremony will
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the
Deal & transactions
Egypt
Energy & Trading
MBH with TSFE on Egypt’s Green Energy Framework Agreements
Matouk Bassiouny & Hennawy (“MBH”) acted as the Egyptian legal counsel to the TSFE Infrastructure & Utilities Sub Fund (“TSFE”) in connection with the negotiation of framework agreements entered into separately with 9 developers to develop
Banking & Finance
News
United Arab Emirates
Swiss digital asset bank Sygnum expands its services to Abu
Swiss digital asset bank Sygnum leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub. The bank “has received an in-principle approval from the Abu Dhabi Global Market’
Banking & Finance
Saudi Arabia
Transport
Neom invests USD 175M in Urban Air Mobility Company Volocopter
Neom, the smart and sustainable regional development project in northwest Saudi Arabia, has made a USD 175 million Series E investment in Volocopter, the pioneer of Urban Air Mobility. Neom will take a significant equity stake
Deal & transactions
Industrial
Other
Caterpillar West Africa distribution transfered to Jean-Luc Konan
Delmas Investissements et Participations (“DIP”) and the Delmas family have signed a transfer agreement for their Caterpillar dealership activity to a consortium conducted by Ivorian entrepreneur Jean-Luc Konan. Included in the sales is JA Delmas
