Tags : Clifford Chance

Banking & Finance Corporate Saudi Arabia

Bank Albilad’s Enjaz Payment Services Company now incorporated

Bank Albilad, a Saudi joint stock company, headquartered in Riyadh, has successfully carve out of its remittance business, Enjaz, into a new payment services company.  The new company has been licensed by the Saudi Central Bank (“SAMA”) as a major electronic money institution (EMI) under its Payment Service Provider Regulations.  The payments and remittances activities, […]

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 […]

Deal & transactions Egypt Energy & Trading

Infinity Group and Africa Finance Corporation acquire Lekela Power 

Infinity, a renewable energy company based in Egypt, and Africa Finance Corporation (“AFC,”), infrastructure solutions provider, are to acquire Lekela Power from Actis and Mainstream Renewable Power, in a deal that will make Infinity the largest renewable energy company on the continent.   Established in 2015 to deliver clean, reliable energy across Africa, Lekela has […]

Appointments Saudi Arabia

AS&H with Clifford Chance welcome Hanan Hassanain to its partnership 

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance, has named Hanan Hassanain (pictured) as a partner, effective 01 July 2022.  Hassanain has extensive experience in public policy matters as well as in legislative drafting. She has advised a number of strategic national regulatory initiatives and mega projects on regulatory frameworks, most of […]

Deal & transactions Oil & Gas United Arab Emirates

TAQA and ADNOC come together to acquire Masdar stake from Mubadala

Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala. The partnership sets out to create a global clean energy powerhouse that consolidates the renewable energy and green hydrogen […]