The Power and Water Utility Company for Jubail and Yanbu’s (“Marafiq”) has become a publicly traded company on the Saudi Stock Exchange (“Tadawul”). Marafiq raised SAR 3.36 billion (USD 897 million) through its initial public offering (“
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IPOs
Other
Real Estate, Construction & Infrastructure
Trowers & Hamlins advises on IPO of The Pearl REIF
The Pearl Real Estate Investment Fund (“The Pearl REIF”), the Oman-based Shariah-compliant real estate investment fund has successfully listed on the Muscat Stock Exchange (“MSX”) on 14 November 2022 under the ticker PRFD. The Pearl REIF has
Banking & Finance
Deal & transactions
United Arab Emirates
Al Khayyat Investments acquires Growthcap’s distribution business
Regional conglomerate Al Khayyat Investments (“AKI”) has completed the acquisition of Growthcap Investments’s distribution business in the UAE in respect of over 30 brands including Tippys, Natures Kitchen, Enviro Guard, Resona Organics and Huy Fong.&
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to Convergint
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
With ESG sitting at the top of the business agenda and being more prominent than ever, the region’s leading law firm has appointed Hamza Al-Haboubi (pictured) as its dedicated ESG Consultant. Environmental, Social,
Thursday the 13th witnessed the celebration of the Italian Inhousecommunity Awards 2022 in Milan. The ceremony was an opportunity to shed a spotlight on the world of legal affairs, personnel, CFOs, CEOs and
Energy & Trading
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar invests AED 25m to support energy consumption reduction
Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’
The legal team at National Bank of Egypt (“NBE”) has recently been recognised by the Central Bank of Egypt for obtaining ISO certification along with several international and regional awards. A few months back, NBE
Restructurings
Transport
United Arab Emirates
Linklaters advises DP World on the restructuring of Portsynergy
Linklaters advised DP World, global supply chain solutions provider, on the restructuring of Portsynergy, a 50:50 joint venture owned by Dubai-based DP World and France-based international container operator, Terminal Link, a joint venture between French shipping
Riad & Riad advises the consortium of China Railway Engineering Corporation (“CREC”) and AVIC International Holding Corporation (“AVIC INTL”) as the EPC contractor of the 10th of Ramadan Light Rail Transit (LRT). Measuring 67 kilometers in
