Vodafone has announced that it has agreed to transfer its 55% shareholding in Vodafone Egypt to its sub-Saharan African subsidiary, Vodacom Group Limited, for cash and new ordinary shares in Vodacom. The transaction is valued at €2.72
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Banking & Finance
United Arab Emirates
Stephenson Harwood with National Bank of Fujairah on solar deal
Law firm Stephenson Harwood has advised the National Bank of Fujairah, a United Arab Emirates-based commercial bank, on a long-term credit facility to CleanMax. The funds will be used to refinance CleanMax’s rooftop solar
Global law firm White & Case has expanded its Global Debt Finance Practice with the addition of Mahmoud Abdel-Baky as a partner in Riyadh. “The arrival of an experienced partner like Mahmoud expands our practice
Banking & Finance
IPOs
United Arab Emirates
White & Case advises on Al Ansari Financial Services IPO
Global law firm White & Case has advised Abu Dhabi Commercial Bank, EFG-Hermes and Emirates NBD Capital as joint global coordinators on the initial public offering (IPO) of Al Ansari Financial Services (Al Ansari), the
Appointments
Banking & Finance
Saudi Arabia
Ziad Touma named chief legal officer at Asyad Holding Group
Saudi-based investment management company, Asyad Holding Group has appointed Ziad Touma (pictured) as its chief legal officer. Touma brings a wealth of experience to the role, having served in a number of senior
Bank of Sharjah has successfully completed its issuance of USD500 million Notes due 2028, with legal advisory services provided by Dentons. The issuance, which was completed on 14 March 2023, received orders exceeding USD1 billion and was more
Deal & transactions
E-Commerce
Saudi Arabia
A&O: Aljazira Capital invests in Floward Pre-IPO investment round
Aljazira Capital (‘AJC’) has led Floward’s USD 156 million Series C Pre-IPO investment round with the support of Allen & Overy. The investment round was led by AJC, STV, L.P. and Rainwater Partners. The
Al Tamimi & Company has appointed Seung-Hyeon (‘Alex’) Kim (pictured) as a new partner in its Korea Group. With over 25 years of experience working with the South Korean public and private sector, Kim will play
The arbitration team at Mahmood Hussain Law Firm (MHLF) has secured a major win for their client in a recent case before the Dubai International Arbitration Centre (DIAC). The case involved a renowned contractor for
Al Tamimi & Company has announced that Wesley Wood (pictured), a specialist shipping lawyer, has joined its Shipping, Aviation & Logistics team as partner in their Dubai office. With over 13 years of experience advising on
