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    Number: N.4

    Date: 18 November 2024

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 Baker Botts: Tamimi Markets Acquires Al Raya Supermarket Chain 
Capital Markets Food & Beverage Saudi Arabia

Baker Botts: Tamimi Markets Acquires Al Raya Supermarket Chain 

suzan.taha@lcpublishinggroup.it 15 February 2024

Tamimi Markets Company (“Tamimi”), a prominent Saudi family-owned supermarket business, has successfully acquired 100% of Al Raya For Food Stuffs Company (“Al Raya”), a major supermarket chain operating in the Western region of Saudi Arabia. 

 White & Case Guides Africa50 on Africa50-IAF Fund Launch 
Banking & Finance Other

White & Case Guides Africa50 on Africa50-IAF Fund Launch 

suzan.taha@lcpublishinggroup.it 15 February 2024

International law firm White & Case has provided legal counsel to Africa50, the pan-African infrastructure investment platform, regarding the establishment and initial closing of Africa50 Infrastructure Acceleration Fund I LP (Africa50-IAF), a 12-year closed-end

 Neom and MDLBEAST to Launch Luxurious Sindalah Beach Club 
Deal & transactions Real Estate, Construction & Infrastructure Saudi Arabia

Neom and MDLBEAST to Launch Luxurious Sindalah Beach Club 

suzan.taha@lcpublishinggroup.it 15 February 2024

In a groundbreaking collaboration, Neom, the futuristic Saudi Arabian city project, has joined forces with Mdlbeast, a prominent Saudi music entertainment company, to introduce an exclusive beach club experience on Neom’s luxury island, Sindalah.

 MBH Supports ADNOC Group in Major Joint Venture with bp
Banking & Finance Capital Markets Deal & transactions Egypt

MBH Supports ADNOC Group in Major Joint Venture with bp

amr.reda@lcpublishinggroup.com 14 February 2024

Matouk Bassiouny & Hennawy has played the role of local counsel to ADNOC Group in a landmark joint venture agreement with global energy giant BP. This partnership will drive the development of key gas assets

 Amethis MENA Fund II Acquires Stake in BBI Group. The advisors
Banking & Finance Capital Markets Egypt

Amethis MENA Fund II Acquires Stake in BBI Group. The

suzan.taha@lcpublishinggroup.it 14 February 2024

Matouk Bassiouny & Hennawy (“MBH“) has provided legal counsel to Amethis in its investment deal with BBI Group, a prominent data management consultancy in the MENA region. The investment, made through Amethis MENA Fund II,

 AUC and Beltone Forge Financial Education Pact 
Deal & transactions Education Egypt

AUC and Beltone Forge Financial Education Pact 

suzan.taha@lcpublishinggroup.it 14 February 2024

Under the guidance of Sunanda Holmes (pictured), Vice President and General Counsel, The American University in Cairo (AUC) has joined forces with Beltone Holding in a pioneering collaboration. Beltone Holding’s educational division, Beltone Academy,

 Ades Extends Contracts for 3 Offshore Platforms
Capital Markets Egypt Oil & Gas Saudi Arabia

Ades Extends Contracts for 3 Offshore Platforms

amr.reda@lcpublishinggroup.com 14 February 2024

The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import

 Stadler Inks CHF600 Million Major Deal with Saudi Arabia Railways
Deal & transactions Saudi Arabia Transport

Stadler Inks CHF600 Million Major Deal with Saudi Arabia Railways

suzan.taha@lcpublishinggroup.it 14 February 2024

Stadler, a Swiss company specializing in providing mobility solutions for railway transportation, has finalized a significant agreement with the Saudi national railway company, Saudi Arabia Railways (SAR). The agreement, valued at approximately 600 million Swiss francs,

 Redcon Properties Announce Strategic Expansion of Golden Gate
Capital Markets Deal & transactions Egypt

Redcon Properties Announce Strategic Expansion of Golden Gate

amr.reda@lcpublishinggroup.com 14 February 2024

Redcon Properties announced the strategic sale of its administrative building at the Golden Gate project to Bonyan for Development and Trade, a prominent commercial real estate investment company. This transaction marks Bonyan’s eighth asset

 BBI Secures Minority Investment from Amethis. The advisors 
Banking & Finance Egypt TMT

BBI Secures Minority Investment from Amethis. The advisors 

suzan.taha@lcpublishinggroup.it 13 February 2024

Amethis MENA Fund II finalizes its fifth transaction by acquiring a minority stake in BBI, a renowned data management consultancy firm operating in the MENA region since 2009. BBI specializes in assisting clients across MENA in

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legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

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