Tags : Pervez Akhtar

Deal & transactions Saudi Arabia TMT

Freshfields: solutions by stc acquires Contact Center Company

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings.  Valued at SAR 450 million (approximately USD120 million), the acquisition will be funded by solutions by stc’s own cash resources.  The […]

Banking & Finance Deal & transactions Other

Sohar International Bank merges with HSBC Bank Oman 

Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) has advised Sohar International Bank (Sohar International) on its merger with HSBC Bank Oman (HSBC Oman), whereby all assets and liabilities of HSBC Oman will be transferred to Sohar International.  The merger, which is still awaiting the relevant regulatory approval as well as approval from the shareholders of […]

Deal & transactions Transport United Arab Emirates

Global Feeder Shipping sells majority stake to Abu Dhabi Ports 

Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.  The total purchase consideration for the 80% stake amounts to AED 2.9 billion (US$ 800 million), implying a 100% Enterprise Value of AED […]

Deal & transactions Fashion, Luxury & Design United Arab Emirates

Chalhoub Group acquires majority stakes in Threads Styling 

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 […]

Deal & transactions Egypt TMT

Solutions by Stc completes stake acquisition into Giza Systems 

Arabian Internet and Telecommunication Company, Solutions by Stc, an enabler of digital transformation in the Kingdom of Saudi Arabia, has completed the acquisition of a majority stake (88.19%) of Giza Systems with an enterprise value worth USD158 million.  The deal represents an important step towards implementing the ambitious growth strategy set by Stc Group to […]

IPOs Transport United Arab Emirates

Salik, Dubai’s road-toll operator to sell a 20% stake via

Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).  As per the released statement, 1.5 billion shares each with a nominal value of AED0.01 will be made available in the Offering, representing […]

Appointments United Arab Emirates

Freshfields’ Michael Hilton named regional managing partner for MENA 

Freshfields Bruckhaus Deringer (‘Freshfields’) has appointed Michael Hilton (pictured) as its regional managing partner for the Middle East and North Africa (MENA), effective 01 July 2022. He succeeds partner Pervez Akhtar, who has completed his term.  Hilton’s practice focuses on cross-border private and public m&a and joint ventures, with a focus on financial sponsor work and […]