Abu Dhabi investment firm Chimera Capital, a subsidiary of Chimera Investments, which is part of Royal Group, has successfully closed its second venture capital fund at USD 10 billion. The new fund, Alpha Wave Ventures II,
GLA & Company, a regional law firm based in the Middle East, has officially launched its Dubai office making it the firm’s first office in the United Arab Emirates. The newly launched office will
Global law firm Norton Rose Fulbright – acting as US federal securities, New York, English and UAE law legal counsel – has advised the underwriters, led by Citi, HSBC and MUFG, in connection with the issuance by
Alkhabeer Capital has successfully completed the listing and commencement of trading of Alkhabeer Growth and Income Traded Fund units on the Saudi Exchange (Tadawul). The offering raised 1.08 billion Saudi Arabian Riyals (US$D 288 million). The
Al Rajhi Banking and Investment Corporation has successfully completed the issuance of SAR 6,500,000,000 3.5% fixed rate resettable additional tier 1 capital sukuk. Al Rajhi Capital Company acted as sole lead manager and bookrunner on the transaction. The
Helmy, Hamza & Partners, Baker McKenzie’s Cairo office, has recently advised Pioneers Properties for Urban Development on a real estate securitization transaction. The total value of the securitization bond program is EGP 3 billion divided
A diverse group of Egypt’s banks, insurance companies, financial institution as well as private investors have come together to set up a new fund dedicated to investing in K12 private schools in Egypt. The
Mercedes-Benz Egypt has announced its intention to localize the manufacturing of electric vehicles in the country in the coming period. The National Automotive Company (NATCO), the owner of the largest distribution network of Mercedes-Benz cars
Cosmetic and skin care brand Huda Beauty has tapped Liam Collens as its new general counsel. Collens joins the company from multinational consumer goods company Reckitt, where he was part of the legal team for
Sustainability and digital experts currently operating in the UAE, KSA and Egypt, Beeah Group have appointed Shaun Johnson (pictured) as its group general counsel. Johnson reports to the group ceo Khaled Al Huraimel, who highlighted
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