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Deal & transactions Fashion, Luxury & Design United Arab Emirates

Majid Al Futtaim Lifestyle secures a partnership with Poltrona Frau

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  

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 […]

Banking & Finance Banking & Finance United Arab Emirates

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

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 […]

Banking & Finance Banking & Finance United Arab Emirates

Emirates NBD issues AED 1 Bil notes in AED denominated

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 […]

Banking & Finance Banking & Finance Egypt

Banque Misr establishes first REIT in Egypt. The advisors

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. […]