Allen & Overy (A&O) has inaugurated its Riyadh office, signalling a significant step in its regional growth strategy. Obtaining the necessary license from the Saudi Ministry of Justice, A&O aims to
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Ashurst, the official legal services partner to the McLaren Group, has advised McLaren Group Limited on its capital reorganisation. This significant milestone underscores the ongoing transformation journey of the luxury automotive and elite motorsports group.
Deal & transactions
Industrial
United Arab Emirates
EGA to Acquire Recycled Aluminium Producer, Leichtmetall
Emirates Global Aluminium (EGA), a global aluminium producer, has announced the signing of a binding agreement to acquire Leichtmetall Aluminium Giesserei Hannover (Leichtmetall), a German aluminium recycling company. Leichtmetall is a European specialty foundry
Banking & Finance
Competition & Antitrust
Healthcare, Pharma & Life Sciences
United Arab Emirates
NMC and Dubai Islamic Bank Reach Amicable Resolution
NMC Healthcare group (“NMC”), a prominent private healthcare provider in the United Arab Emirates (“UAE”), and Dubai Islamic Bank (“DIB”), one of the largest Islamic banks in the UAE, have announced the successful resolution of
Banking & Finance
Transport
United Arab Emirates
Moove Secures $100 Million in Series B Funding Round
Moove, the global mobility fintech dedicated to democratizing vehicle ownership for mobility entrepreneurs, has announced a significant achievement today with the closure of a $100 million Series B funding round. The investment, led by Mubadala Investment
Capital Markets
Energy & Trading
United Arab Emirates
Masdar Acquires 50% Stake in Terra-Gen. The Advisors
Masdar, the Abu Dhabi Future Energy Company, has made significant strides in expanding its presence in the United States’ renewable energy market. The company has inked a definitive agreement to purchase a 50 percent stake in
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC Inks Second Long-Term Deal for Ruwais LNG Project
ADNOC has signed a 15-year Heads of Agreement with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of one million metric tonnes
Banking & Finance
TMT
United Arab Emirates
Trowers Advises Core42 On Securing Strategic Loan Facility
International law firm Trowers & Hamlins has acted as the English and UAE counsel to Injazat Data Systems in relation to a secured term loan facility availed from Abu Dhabi Commercial Bank. Injazat, now
Capital Markets
Industrial
Saudi Arabia
Updates
Dentons Advises Asyad Group on Saudi Aviation Acquisition
Dentons advised the Asyad Group, a leading Saudi holding group, on its acquisition of a 49% stake in Swissport Saudi Arabia Limited. Swissport Saudi Arabia Limited is a subsidiary of the Swissport International Group, a provider
Banking & Finance
Energy & Trading
United Arab Emirates
UAE’s Barakah Plant: Asia & Africa’s First Green Loan Facility
The Barakah Nuclear Energy Plant’s AED8.89 billion refinancing, hailed as a Green Loan Facility, marks a pivotal step in reinforcing its vital role in rapidly decarbonizing the UAE’s power grid. Recognized
