Tags : Allen & Overy

Banking & Finance Transport United Arab Emirates

Allen & Overy advises Investcorp on Trukker’s Pre-IPO round

Saudi-based Trukker Holding Limited (“Trukker”), digital freight network providers in the MENA region, has successfully raised USD 100 million in its pre-IPO financing round.   The investment was led by the recently-launched Investcorp Saudi Pre-IPO Growth Fund and further included Abu Dhabi’s Mubadala Investment Company, who is an existing investor in the venture, KSA-based Riyad Valley […]

Deal & transactions Healthcare, Pharma & Life Sciences Other

Pharmaceutical Institute (PHI) completes acquisition by Kelix Bio 

KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”).  This investment marks KELIX bio’s first entry into Morocco – an important market in the company’s strategy – at a time when the Kingdom is accelerating the successful rollout of AMO (Assurance Maladie Obligatoire), a far-reaching plan […]

Banking & Finance Energy & Trading Other

Masen and Edf Renouvelables in repowering Koudia Al Baida wind

The Moroccan Agency for Sustainable Energy (MASEN) and EDF Renouvelables have announced the financial closure of the repowering of the Nassim Koudia Al Baida Wind Farm, located in the region of Tlat Taghramt near Tangier in northern Morocco.  Koudia Al Baida Energy Company, the SPV owned by MASEN and EDF Renouvelables, has received senior loans […]

IPOs Real Estate, Construction & Infrastructure United Arab Emirates

Tecom Group completes DFM listing and raises USD462m in IPO

Tecom Group, a manager and operator of 10 strategic, sector-focused business districts across Dubai, has successfully raised approximately AED 1.7 billion (USD462.8m) through an initial public offering (“IPO”). The Group has listed on the Dubai Financial Market (“DFM”) on 05 July 2022 under the ticker symbol “TECOM”.   The Global Offering drew substantial demand and […]

Banking & Finance Egypt Energy & Trading

Elsewedy Electric secures USD150m investment for operations’ expansion

Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment, alongside First Abu Dhabi Bank and Europe Arab Bank as participants, will be used to support in the expansion, modernization, and enhancement […]

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 […]