Latham & Watkins - Legalcommunity MENA

Banking & Finance Banking & Finance Saudi Arabia

Goldman Sachs and Tamara seal deal for BNPL Saudi expansion

suzan.taha@lcpublishinggroup.it 16 March 2023

Global law firm White & Case has provided legal counsel to Goldman Sachs International on a warehouse securitisation worth up to USD150 million. The transaction involved buy now, pay later (BNPL) receivables originating from Nakhla for Information Technology Systems (Tamara) in Saudi Arabia. The latest round brings Tamara’s total funding in equity and debt up […]

News Saudi Arabia

Latham & Watkins granted license by Saudi Ministry of Justice

suzan.taha@lcpublishinggroup.it 8 March 2023

The Foreign Law License granted to Latham & Watkins by the Saudi Ministry of Justice marks a significant milestone in the firm’s long-standing relationship with Saudi Arabia. With the license in hand, Latham will now formalize its presence in the Kingdom and further strengthen its commitment to serving clients in the region. The license allows […]

Deal & transactions Energy & Trading United Arab Emirates

Latham & Watkins with TotalEnergies on its agreement with CEPSA

suzan.taha@lcpublishinggroup.it 3 March 2023

TotalEnergies has entered into an agreement with CEPSA, whereby it will acquire CEPSA’s upstream assets in the United Arab Emirates, effective as of January 1, 2023. Latham & Watkins provided legal advice to TotalEnergies in this transaction. The assets to be acquired include a 20% participating interest in the Satah Al Razboot, Umm Lulu, […]

Banking & Finance Banking & Finance United Arab Emirates

Sequoia Capital acts as lead investor on Tabby’s $58M Financing

suzan.taha@lcpublishinggroup.it 18 January 2023

Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. The round valued the Dubai-based buy now, pay later start-up at USD660 million. The funding round was co-led by […]

Deal & transactions TMT United Arab Emirates

Latham & Watkins advises on BioNTech’s acquisition of InstaDeep

suzan.taha@lcpublishinggroup.it 18 January 2023

Latham & Watkins has provided legal counsel to Chimera Abu Dhabi in the sale of its investment in InstaDeep, a global technology company in the field of artificial intelligence and machine learning, to BioNTech. The deal includes BioNTech acquiring 100% of the remaining InstaDeep shares, excluding the shares already owned by BioNTech, for a […]

Fashion, Luxury & Design IPOs Saudi Arabia

Alsaif Gallery completes SAR1.2 Bil IPO and listing on Tadawul

suzan.taha@lcpublishinggroup.it 30 December 2022

The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised Al-Saif Stores for Development & Investment Company (“Alsaif Gallery”), which operates in the home appliances and kitchenware retail sector in the Kingdom of Saudi Arabia, on its SAR1.2 billion (approximately USD322 million) initial public offering (IPO) and listing of ordinary shares on […]

IPOs Oil & Gas Saudi Arabia

Luberef completes SAR4.95 Bil IPO and listing on Tadawul

suzan.taha@lcpublishinggroup.it 29 December 2022

The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised SNB Capital, HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and Citigroup Saudi Arabia as the underwriters of Saudi Aramco Base Oil Company – Luberef, one of the largest base oils producers in the world and the leading base oils producer in Saudi […]

Banking & Finance Banking & Finance United Arab Emirates

Baraka raises USD20 milli in series A funding round

suzan.taha@lcpublishinggroup.it 22 November 2022

Baraka, a commission-free online brokerage platform based in the Middle East, has raised USD20 million in a Series A funding round, led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood. The proceeds will be used by Baraka to expand across the GCC and Egypt, increase customer acquisition, and hire staff […]

Banking & Finance E-Commerce Saudi Arabia

Latham in KSA’s Zid USD50 Million Series B Funding Round

suzan.taha@lcpublishinggroup.it 17 November 2022

Saudi-based Retail enablement company Zid has raised USD50 million in Series B funding round (~188 million SAR). The round was led by IMPACT46 with participation from investors including Aramco venture capital arm (Waed Ventures) and Endeavour Catalyst, Global Ventures, Elm Company, Arzan and MSA. The proceeds will be used by Zid to expand into new […]

Deal & transactions Fashion, Luxury & Design United Arab Emirates

Chalhoub Group acquires majority stakes in Threads Styling

suzan.taha@lcpublishinggroup.it 7 November 2022

Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of shares owned by its Founder and CEO, Sophie Hill. Following the acquisition, Threads Styling will continue to operate as an […]

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