Investcorp Capital plc, a subsidiary of Abu Dhabi-based alternative investor Investcorp, has finalized a significant financial agreement by securing a USD 800 million revolving credit facility (RCF) from a consortium of regional and international banks. The
Deal & transactions
TMT
United Arab Emirates
Trowers Facilitates Backlite Media Sale to Multiply Group
International law firm Trowers & Hamlins has advised on the 100% sale of Backlite Media, the out-of-home advertising company headquartered in the UAE, to Multiply Group, the Abu-Dhabi based holding company that invests in transformative organisations.
In a pioneering move, Al-Yaqout & Al-Fouzan Legal Group (YFLG) has secured the first-ever approval from the Bankruptcy Authority for the restructuring request of a prominent insurance company in Kuwait, following the enactment of Law 71/2020.
In a significant technological leap forward, STC Bahrain, a leading digital enabler, has announced the launch of an innovative instant mobile SIM activation service powered by Artificial Intelligence (AI) and eSIM technology. This first-of-its-kind solution
Al Tamimi & Company strengthens its Banking and Finance practice with the appointment of Ali El Hawary (pictured) as Partner. With over two decades of legal expertise in banking, energy, and infrastructure projects, El Hawary
Beltone Financial Holding is set to acquire 100% of SODIC’s securitization subsidiary, SODIC for Securitization, following approval from its general assembly. The transaction involves Beltone acquiring 5,000 shares at EGP 1,000 each, along with an additional payment
Capital Markets
Fashion, Luxury & Design
United Arab Emirates
ADNH Strengthens Portfolio with Compass Group Deal
Abu Dhabi National Hotels (ADNH) is making significant strides in bolstering its business portfolio with the acquisition of Compass Group International B.V.’s 50% stake in their joint venture entities operating in the UAE, as
MAS Advocates, a full-service law firm based in the United Arab Emirates, has announced a significant milestone in its expansion journey by joining forces with AlAmmar Law in the Kingdom of Saudi Arabia. Founded
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
Shalakany: Steigenberger Secures Deals In Saint Catherine City
Shalakany provided legal counsel to Steigenberger Hotels and Resorts Middle East (“Steigenberger”) in negotiating and finalising Management and Operation Agreements with the New Urban Communities Authority (NUCA) and Misr Sinai for Tourism for the prestigious
Deal & transactions
Egypt
Food & Beverage
Al Kamel Law Firm Advises MIZUHA in Egyptian Water Project
Egypt takes a significant leap towards water sustainability with the announcement of a partnership agreement between the Ministry of Military Production of the Arab Republic of Egypt (MOMP) and Japanese firm MIZUHA Co., Ltd. The
