In a significant move marking the beginning of its unified leadership structure, the newly formed entity A&O Shearman has revealed the first wave of senior appointments, set to take effect on May 1, 2024. This
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Banking & Finance
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Egypt
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Zaki Hashem & Partners Advises B Investments in Acquisition
Zaki Hashem, Attorneys at Law, is pleased to announce its role in advising B Investments Holdings SAE (B-Investments) in a mandatory tender offer to acquire up to 90% of Orascom Financial Holding (OFH). The acquisition, a
Capital Markets
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
Transport
United Arab Emirates
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
Deal & transactions
Transport
United Arab Emirates
Eversheds Sutherland Guides Joby’s Dubai Air Taxi Launch
Global law firm Eversheds Sutherland advised California-based Joby Aviation in its definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with initial operations targeted
Capital Markets
Corporate
E-Commerce
Qatar
TMT
Ooredoo Group Pledges $1.1bn to Bridge Digital Divide
In a significant legal development, Qatar’s Ooredoo Group has committed a cumulative investment of $1.1bn for the period 2024-2026 to bridge the digital divide in developing markets. The pledge was made as part of
Telecom Egypt, the integrated operator of communications and Information Technology services in Egypt, has entered into a strategic partnership with Huawei during the Mobile World Congress (MWC 2024) to deploy 5G network infrastructure. This collaboration underscores
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Dubai South & Aldar Launch Joint Venture for Grade A
Dubai South, a prominent urban master development, and Aldar Properties (“Aldar”)have joined forces to embark on a joint venture aimed at developing Grade A logistics facilities within Dubai South’s Logistics District. The
Parkin Company, the leading provider of paid parking facilities and services in Dubai, has revealed plans to embark on an initial public offering (IPO) and subsequently list its ordinary shares (Shares) on the Dubai Financial
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, unveiled its ambitious future plans at its Investor Day today. Building on strong financial performance, including achieving a $1 billion EBITDA in 2023, the company outlined its
Capital Markets
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Saudi Arabia
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K&A guides a complicated private share swap transaction
In a significant development in the car leasing industry, Khoshaim & Associates (K&A) has successfully advised the Saudi Economic and Development Holding Company (SEDCO) on a complex private share swap transaction. The agreement,
