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Deal & transactions Fashion, Luxury & Design United Arab Emirates

Majid Al Futtaim Lifestyle secures a partnership with Poltrona Frau

suzan.taha@lcpublishinggroup.it 26 January 2023

Majid Al Futtaim, a leader in fashion, shopping mall, communities, and leisure segment across the Middle East, Africa, and Asia, has entered into a strategic partnership with Poltrona Frau, the luxury Italian furniture brand. As per the agreement, Majid Al Futtaim Lifestyle has acquired the rights to Poltrona Frau products in the UAE. As part of […]

Banking & Finance Deal & transactions Egypt

Adsero advises Chimera Investment in its acquisition into GB Lease

suzan.taha@lcpublishinggroup.it 25 January 2023

Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy. Adsero – Ragy […]

Deal & transactions Transport United Arab Emirates

A&O advises ADIO on Road Lighting LED PPP project in

suzan.taha@lcpublishinggroup.it 23 January 2023

Allen & Overy has advised the Abu Dhabi Investment Office (ADIO) and the Department of Municipalities and Transport (DMT) in Abu Dhabi in relation to Phase 2 of its Road Lighting public-private partnership project (PPP) in Abu Dhabi, UAE, which reached commercial close in December 2022. The project will be delivered by Nojoom, a joint […]

Insurance IPOs Qatar

Eversheds Sutherland with Beema on its listing on Qatar Exchange

suzan.taha@lcpublishinggroup.it 19 January 2023

Eversheds Sutherland has provided legal advice to Damaan Islamic Insurance Company (“Beema”) on the direct listing of 100% of its shares on the Main Market of the Qatar Stock Exchange. Beema’s share have been admitted for trade as of 16 January 2023. Beema is the first company to be listed through direct listing on the Qatar […]

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 Egypt TMT

Shahid Law with Etisalat Egypt on the launch of Erada

suzan.taha@lcpublishinggroup.it 17 January 2023

Etisalat Egypt by e& and The Sovereign Fund of Egypt (TSFE) have partnered together to launch the new company Erada Microfinance. Enabled by fin-tech, Erada is granted license allowing access to a diversified set of innovative financial products for Micro and Small Enterprises to expand their businesses. The founders and shareholding structure of Erada in […]

Banking & Finance Banking & Finance United Arab Emirates

Emirates NBD issues AED 1 Bil notes in AED denominated

suzan.taha@lcpublishinggroup.it 11 January 2023

International law firm Clifford Chance has advised Emirates NBD on its issuance of AED 1 billion 5.125 per cent. notes due January 2026. In completing the transaction, Emirates NBD has become the first UAE financial institution to support the Federal Government’s UAE dirham Treasury Bonds Programme, through the issuance of AED-denominated notes priced relative to […]

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 […]

Industrial IPOs Saudi Arabia

Riyadh Cables Group Company successful IPO on Tadawul

suzan.taha@lcpublishinggroup.it 29 December 2022

White & Case and The Law Office of Megren M. Al-Shaalan have advised power and communications cables maker, Riyadh Cables Group Company (“RCG”), on its initial public offering on the Main Market of the Saudi Stock Exchange (“Tadawul”). Riyad Capital acted as financial adviser and underwriter, and Riyad Bank, EFG Hermes and ANB Capital acted as […]

Banking & Finance Banking & Finance Egypt

Banque Misr establishes first REIT in Egypt. The advisors

suzan.taha@lcpublishinggroup.it 27 December 2022

Banque Misr established the first REIT in Egypt, Egyptian Real Estate Fund (I) (Fund), that aims at investing in income generating portfolio of commercial real estate such as shopping malls, office buildings, medical and educational centers within Greater Cairo. Helmy Hamza & Partners, Baker McKenzie Cairo team has represented Banque Misr in the transaction. […]

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