Tags : cn2

Deal & transactions Transport United Arab Emirates

Etihad Rail and Oman Rail to build a USD 3 billion

Etihad Rail, the developer and operator of the UAE National Rail Network, signed an agreement with Oman Rail, the Sultanate’s national developer and operator of railway networks, to jointly establish an equally-owned company, Oman-Etihad Rail Company.   The newly created entity will hold an overall investment power of USD 3 billion to design, develop and […]

Deal & transactions Egypt Food & Beverage

Expedition Investments consortium completes acquisition into Domty

Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a revised price of EGP 5.50 per share. The offer worth was about EGP512 million (USD26.5 million). Matouk […]

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 Transport United Arab Emirates

Maersk to expand distribution capacity in new Dubai South complex  

Maersk Kanoo UAE (“Maersk”), the global integrated logistics company, signed an agreement with Dubai South, a single-urban master development focusing on aviation, logistics and real estate, for its new warehousing and distribution facility in Dubai. With this new fulfilment centre, Maersk will more than double its total footprint in the UAE.  The 15,000 sq. m. Maersk […]

Deal & transactions Other Real Estate, Construction & Infrastructure

Northacre collaborates with St. Regis for No. 1 Palace Street

Northacre, a subsidiary of asset management and investment banking platforms Shuaa Capital, has joined forces with St. Regis hotel brand at No 1 Palace Street. The collaboration on the project located opposite Buckingham Palace, is testament to the successful re-development of this site, comprising 72 luxury apartments and incorporating an existing Grade II listed building, […]

Deal & transactions Industrial Other

Med Investment partners with Jotun for the production of paint in Algeria 

Med Investment Holding, an investment company owned by the Kerrar family, has concluded a partnership agreement with the Norwegian group Jotun for the production of paint and coatings in Algeria. Production will be provided by a joint venture, Technover P.  The joint venture, Technover P, will produce Jotun decorative paints and protective coatings to international standards […]

Appointments Saudi Arabia Uncategorized

Imran Mufti to head Gowling WLG Saudi Arabia practice 

Gowling WLG has appointed Imran Mufti (pictured) as lead partner for the firm’s Saudi Arabia practice. Mufti will also be responsible for its relationship with Al Ghazzawi & Partners, Gowling WLG’s strategic partner firm in Saudi Arabia.  Following his appointment, Mufti said: “I’m delighted to be joining the team at Gowling WLG and look forward to developing the […]

Banking & Finance Capital Markets Other

PKO Bank Hipoteczny issues EUR500m mortgage covered bonds  

PKO Bank Hipoteczny launched a subscription for institutional investors for another issue of mortgage covered bonds with a value of EUR 500 million and maturity on June 25, 2025. This issue was the first issue of the bank’s green covered bonds denominated in euro.   The proceeds from the issue are intended to finance and refinance residential […]

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 […]