Nord Anglia Education, a premium international schools organization, has further expanded its presence in the Middle East with the joining of Amman Academy to its family of schools. Amman Academy, a private co-educational, bilingual day school in Amman, Jordan, becoming part of Nord Anglia’s network of schools shows the growing appetite for leading education providers […]
Tags : Al Tamimi & Company
Deal & transactions
Egypt
Fashion, Luxury & Design
Al Tamimi & Co advises ECC on the acquisition into
Egyptian Company for Cosmetics (“ECC”), an Egypt-based specialised contract manufacturer for the cosmetics and personal care industries, has acquired a majority stake in beauty products marketplace Source Beauty, for an undisclosed amount. Founded in 2018, Source Beauty is a female-led one-stop shop that provides users with multiple choices of local and international beauty brands. Al Tamimi […]
Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). As per the released statement, 1.5 billion shares each with a nominal value of AED0.01 will be made available in the Offering, representing […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Al Tamimi & Company with Peninsula on a AED555m assets deal
Peninsula Real Estate Management Limited (“Peninsula”), a real estate investment company incorporated in Abu Dhabi Global Market, has agreed to purchase for an amount of AED 555 million 17 leased warehouse buildings situated on five plots at the Almarkaz Industrial Development from Waha Capital, an Abu Dhabi-listed investment management company, through its wholly owned subsidiary […]
Al Tamimi & Company has appointed David Yates (pictured) to head its Digital and Data team. The hire strengthens the firm’s capabilities in its Digital and Data practice and takes the total number of Partners to 82 throughout the its 17 offices spread across 10 countries. Yates was previously part of Al Tamimi & Company […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar Properties acquires RAK based property for AED810m
Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah, as well as an adjacent beachfront development plot for AED810 million (USD220.5 million) from Mohamed […]
Banking & Finance
Deal & transactions
Egypt
Tanmeyah Microfinance Services acquires Fatura Netherlands
Tanmeyah for Microfinance Services (‘’Tanmeyah”), a wholly-owned subsidiary of EFG Hermes Holding, has successfully completed the acquisition of Fatura Netherlands (“Fatura”). Fatura is a tech-driven Business-to-Business (B2B) platform with a regional footprint of 22 governorates in Egypt. It is backed by prominent shareholders in the field with EFG EV Fintech being one of the primary investors […]
Industrial
IPOs
United Arab Emirates
Borouge completes its initial listing on Abu Dhabi Securities Exchange
Borouge, the strategic joint venture between Abu Dhabi National Oil Company (“ADNOC”) and Borealis (“Borealis”), providers of innovative and differentiated polyolefin solutions, has listed on the Abu Dhabi Securities Exchange (“ADX”) on June 3, 2022. Upon listing, ADNOC owns a majority 54% stake in Borouge, with Borealis holding 36% via its wholly-owned subsidiary Borealis Middle […]
DIFC Court has granted Immediate Judgment to a syndicate of nine banks following the failure by the borrower and eight guarantors to re-pay AED1.9 billion syndicated conventional and Islamic facilities (and other failures). Al Tamimi & Company was instructed by the syndicate and in succeeding at this early procedural stage, the banks have avoided very significant costs and lengthy […]
