International law firm Baker McKenzie will cut ties with UAE based law firm following controversial remarks made on social media by the Firm’s principal, Habib Al Mulla. In a statement on Baker McKenzie’s website the firm said: “Baker McKenzie and Dr Habib Al Mulla can confirm they will be parting ways. The separation process is underway, and […]
Tags : Baker McKenzie
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
GSK Group completes demerger of Haleon Group. The advisors
Global healthcare company GlaxoSmithKline Services Unlimited (“GSK Group”) has completed the demerger of its consumer healthcare business to form global consumer healthcare company Haleon Group. The transaction was valued at GBP 55 million (approximately USD 63.8 million). The separation of the Consumer Healthcare project was completed on 18 July 2022. Helmy Hamza & Partners, Baker McKenzie‘s Cairo […]
Deal & transactions
Food & Beverage
Saudi Arabia
Tanmiah Food Company and Tyson Foods sign strategic partnership
US-based Tyson Foods and Saudi-based Tanmiah Food Company (“Tanmiah”) have entered into a strategic partnership agreement to accelerate growth in agrifood and poultry production capacity and to meet growing global protein demand. The parties to the agreement are Tyson Foods and Agricultural Development Company (ADC) and Supreme Foods Processing Company (SFPC), Tanmiah’s wholly owned subsidiaries. […]
IPOs
Real Estate, Construction & Infrastructure
Saudi Arabia
Retal Urban Development Co. Initial public offering in Saudi Exchange
Retal Urban Development Co. (“Retal”), a next generation real estate developer of integrated master plan communities offering a portfolio of lifestyle-oriented residential, commercial, and mixed-use properties in the Kingdom of Saudi Arabia announced its Intention to Offer 30% of its share capital to the public through an initial public offering (“IPO”) and listing its shares […]
Global law firm Baker McKenzie has appointed five new partners in the MENA Region. Dispute resolution partners Amir Alkhaja (UAE) and Sally Kotb (UAE), IP & technology partner Kellie Blyth (UAE), banking & finance partner Mohamed Elharmy (Egypt) and M&A partner Keltoum Boudribila (Morocco). The firm has welcomed 116 new partners in the year to […]
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Baker McKenzie: EFG Hermes and valU in two transactions in
Baker McKenzie has advised EFG Hermes and its buy-now-pay-later (BNPL) fintech platform, valU for consumer finance (valU), on two planned strategic ttransactions. The first of which is the acquisition by valU of a stake in a new Saudi consumer finance player, FAS Finance, and its joint venture arrangements with FAS Labs Holding, owned by Fawaz Abdulaziz […]
Baker McKenzie has successfully advised a consortium of financial investors led by Amethis and included SPE AIF I (SPE Capital) and European Bank for Reconstruction and Development (EBRD), on the acquisition of a 95% stake of GlobalCorp for Financial Services. The deal marks a key milestone for Amethis and SPE Capital as it aligns with their […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
SIDC and Al Ahly Capital to develop a new Industrial
Suez Industrial Development Company (SIDC), a majority-owned subsidiary of Orascom Construction, has signed an agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt, to jointly develop a 2.2 million square meter industrial park in Abu Rawash (Giza), Egypt. SIDC will be the lead developer of the industrial […]
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
Baker McKenzie advises on the sale of New You Medical
New You Medical Center, a day surgery medical and beauty center in Saudi Arabia focused on bariatric procedures, has completed the sale of a majority equity stake of 51% to Nomu-listed Arabian International Healthcare Holding Co. (“Tibbiyah”), the healthcare arm of Al Faisaliah Group. The consideration is structured through a combination of cash and earn-out […]
