KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”). This investment marks KELIX bio’s first entry into Morocco – an important market in the company’
Saudi-Listed Rabigh Refining and Petrochemical Company’s (“Petro Rabigh”) has completed a capital increase of SAR 7,950,000,000 by way of a rights issue (“Rights Issue”), offering 795,000,000 new shares at an offer price of SAR 10 per share
The Moroccan Agency for Sustainable Energy (MASEN) and EDF Renouvelables have announced the financial closure of the repowering of the Nassim Koudia Al Baida Wind Farm, located in the region of Tlat Taghramt near Tangier
Mirova, an affiliate of Natixis Investment Managers, and manager of the Land Degradation Neutrality (LDN) impact fund, has completed the acquisition of a majority stake in Atlas Fruits Company. The Land Degradation Neutrality (LDN) Fund,
Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange. Disty Technologies, Moroccan importer and distributor of IT equipment and solutions, has successfully listed
Ahli United Bank (“AUB”) has secured a USD1.1 billion sustainable Murabahah financing facility. The dual-tranched facility is the first of its type raised by a financial institution worldwide, according to the bourse filing. The three-year
US-based Tyson Foods and Saudi-based Tanmiah Food Company (“Tanmiah”) have entered into a strategic partnership agreement to accelerate growth in agrifood and poultry production capacity and to meet growing global protein demand. The parties to
Agthia Group, a major player in the food and beverage sector in MENA, is to enter into a strategic acquisition of 60% of Auf Group, an Egyptian healthy snacks and coffee company operating under the Abu
Infinity, a renewable energy company based in Egypt, and Africa Finance Corporation (“AFC,”), infrastructure solutions provider, are to acquire Lekela Power from Actis and Mainstream Renewable Power, in a deal that will make Infinity the
Norfund and KLP, Norway’s largest pension company, will together invest USD 40 million in equity in CrossBoundary Energy (CBE), a developer, owner, and operator of commercial and industrial renewable energy systems in Africa. The investment
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