Global law firm Norton Rose Fulbright advised Zain Group in respect of Zain Iraq’s entry into a definite 15-year agreement to sell and leaseback the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. Zain Iraq will retain its active infrastructure, including wireless communication radios, antennas, intelligent […]
Tags : Norton Rose Fulbright
Global law firm Norton Rose Fulbright has appointed Scott Atkins (pictured), the firm’s Australia chair, as the firm’s global chair effective January 1, 2023. In this leadership role, Atkins will help to drive the execution and achievement of the global firm’s strategy and efforts to maintain consistently excellent client service around the world. The firm’s […]
Deal & transactions
Energy & Trading
Saudi Arabia
APICORP signs a USD75m Islamic facility for Voluntary Carbon Offsets
The Arab Petroleum Investments Corporation (“APICORP”), an energy-focused multilateral development financial institution, has signed a USD75 million Murabaha agreement in favour of Hartree Partners Power & Gas Company (UK), an affiliate of global energy and commodities firm Hartree Partners LP. The facility will fund high quality voluntary carbon offsets, in support of the global energy transition […]
Global law firm Norton Rose Fulbright has appointed capital markets partner Hamed Afzal (pictured) in its Dubai office. Afzal, who joins from Akin Gump, is an English-qualified capital markets lawyer with broad experience spanning debt and equity capital markets, and public company matters. He has significant experience advising various stakeholders on public company related mandates, including […]
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022, comes as part of IHC’s group-wide strategy to grow its digital assets portfolio and to expand into […]
Deal & transactions
Energy & Trading
United Arab Emirates
Norton Rose Fulbright advises IHC on a AED1.8B acquisition deal
Global law firm Norton Rose Fulbright has advised International Holding Company (IHC) in connection with its AED 1.8 billion (approximately USD 490 million) acquisition of a 50% stake in Kalyon Enerji, through its subsidiary International Energy Holding. Turkish clean energy provider, Kalyon Enerji, which is part of Turkish conglomerate Kalyon Holding, focuses on research and development […]
Banking & Finance
Banking & Finance
Other
Bahrain’s Ahli United Bank concludes USD 1.1b in Murabaha Financing
Ahli United Bank (“AUB”) has secured a USD1.1 billion sustainable Murabahah financing facility. The dual-tranched facility is the first of its type raised by a financial institution worldwide, according to the bourse filing. The three-year facility was upsized to US$1.1 billion from its original amount of US$750 million due to high demand. One tranche represents […]
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 […]
Banking & Finance
Deal & transactions
United Arab Emirates
Norton Rose Fulbright advises OKX on entering Dubai virtual assets market
Global law firm Norton Rose Fulbright‘s Dubai office has advised cryptocurrency exchange OKX on its entry into the UAE market. OKX has successfully signed a memorandum of understanding (MOU) with, and obtained a provisional license from, the Virtual Assets Regulatory Authority (VARA), the authority responsible for the licensing and regulation of virtual assets in Dubai. […]
Deal & transactions
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ to acquire Turkish pharmaceuticals company Birgi Mefar Group
Turkish pharmaceuticals company Birgi Mefar Group (BMG) has entered into a definitive acquisition agreement with ADQ, an Abu Dhabi- based investment and holding company. BMG is one of Turkey’s leading producers of sterile injectable products, such as vials and pre-filled syringes for vaccines, and has operations in over 30 countries. This acquisition comes as part […]
