International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Corporate
Deal & transactions
Egypt
Opinions
Saudi Arabia
United Arab Emirates
PwC Report: Diversification Fuels 2024 M&A Boom in Middle East
The winds of change are blowing across the business landscape of the Middle East. With a focus on economic diversification and a growing embrace of clean energy and technology, the region is poised for a
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Updates
MBH Advises on Rixos Premium Alamein Hotel Agreement
Matouk Bassiouny & Hennawy (MBH) has successfully acted as the legal counsel for the owning company in negotiating and concluding the management agreement with Rixos, a part of Accor’s portfolio, one of the world’
International law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is set to bolster its team with the addition of 23 new partners effective from May 1, 2024. The newly appointed partners represent all five practice groups and regions, underscoring Freshfields’
International law firm, Dentons has announced the elevation of 12 new partners in the UK, Ireland, and Middle East (UKIME), effective from May 1, 2024. This announcement follows the recruitment of nine additional partners across Dentons’ offices in
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Capital Markets
Healthcare, Pharma & Life Sciences
Other
Farj Capital Consortium Secures Majority Stake in Aster DM
ASAR – Al Ruwayeh & Partners acted as local legal counsel alongside Allen & Overy as lead counsel, in facilitating the acquisition of a 65% stake in Aster DM Healthcare FZC, the holding company overseeing Aster DM
Spinneys Holding (‘Spinneys’ or ‘the company’) has revealed its intention to launch an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM). The company disclosed that it
Banking & Finance
TMT
United Arab Emirates
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Alpha Dhabi Holding Divests 49% Stake to ADQ
Alpha Dhabi Holding (ADH) has announced its decision to divest 49% of its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment and holding company. Under the terms of the agreement, Alpha Dhabi
